Who is eligible for the tax credit?
- First-time home-buyers (from what I understand this also includes buyers who haven't owned a home in the last 3 years would also qualify as "first-time" buyers)
- Buyers must make less than $75,000 for singles or $150,000 for couples. (Higher-income buyers could receive a partial credit.)
Rules to remember
- The purchase of the home must be made between Jan. 1, 2009 and Nov. 30, 2009.
- The refund amount is $8000 or 10% of the home's value - whichever one is less.
For more details, please contact your mortgage representative.
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