The $8,000 Reason To Buy Your Dream Home Now!!
To stimulate the US housing market the government
is giving you FREE
MONEY in the form of a tax credit
or downpayment. So, if you've been sitting on
the fence waiting for that great opportunity to
buy your first home here it is. The new tax credit
does not have to be repaid if the buyer stays
in the home at least 3 years. But
this ends Nov. 30, 2009. Tic-tac-tic-tac...
What do you get?
- $8000
First-Time Home Buyer Tax Credit
- Will
be able to apply the amount for downpayment
assistance
- Or
use the money anyway you want. It's YOURS!
Who Qualifies?
- First-time
homebuyers
- Any
buyer who has not owned a home in the past 3 years.
Limitations
- Tax
Credit is Available for home purchases made
from Jan. 1, 2009, through Nov. 30, 2009.
- The loan has to be closed by Dec 1, 2009.
- Must
use property as a primary residence. This includes condos and townhomes.
- Property
must be kept for 3 years.
- Home
price must be $80K or higher to get full $8K
credit. $70K home qualifies for $7K credit.
- Full
credit is given to: Individuals with gross
income under $75K or couples earning under
$150K.
With interest rates as low as they are, and many prices rolled back to 2003 levels, there really hasn't been a better time to buy a home in YEARS!!