Westwood RE Trends: FHA Tax Credit

Real Estate Agent with Your Castle Real Estate

FHA First-Time Buyer Tax Credit


In an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence. 

The highlights of the tax credit are:

·   The tax credit is available for first-time home buyers only.

·   The maximum credit amount is $7,500.

·   The credit is available for homes purchased on or after April 9, 2008 and before
July 1, 2009.

·   Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

·   The tax credit works like an interest-free loan and must be repaid over a 15-year period.


Due to the volume of questions that can be generated with the above, I would recommend clicking on the below link for answers to frequently asked questions: http://www.federalhousingtaxcredit.com/faq.php


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
Colorado Denver County Denver Westwood
westwood real estate
westwood investment properties
westwood foreclosures
westwood fix and flip
westwood rentals
westwood real estate i

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Todd Houghton

Ask me a question

Additional Information