First time home buyers in San Diego who are looking to maximize their housing dollar, should take a look at "bang for your buckula". If you've read our previous posts on the topic you know your housing dollar goes much further in our mythical, mystical kingdom.
San Diego First Time Home Buyers looking for more bang for their buck
Where is bang for your buckula?
Because BFYB is in Riverside County there are a number of programs in place to help first time home buyers become first time homeowners in "bang for your buckula".
If you are a first time home buyer OR haven't owned a home in the last three years you may be eligible for the special Riverside County First Time Home Buyer Tax Credit. The short version of this tax credit is that each year you own your home as your primary residence, you can convert 15% of your mortgage interest deduction into an income tax credit.
If you're unfamiliar with how a tax credit works, it is a dollar for dollar credit against your federal income tax liability.
For a more detailed explanation on the special Riverside County FTHB tax credit
To contact a first time home buyer specialist
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