First Time Homebuyers $ 8000.00 Tax Credit Available NOW !!!

First time homebuyers may be eligible for a tax credit for 10% of purchase price up to $8000.00. Meaning of course, if you purchase a home with over $80,000.00 purchase price, you could be eligible for the full $8000.00.
What constitutes a 1st time homebuyer? Generally, a buyer who has not owned a home within 3 years prior to purchase.
Does the credit have to be repaid? No, if the home is purchased between Jan 1 2009 and before Dec 2009 and not sold for 3 years.
Are there income limits to determine who is eligible ? Yes, up to $75,000 modified adjusted gross income for single and $150,000 for joint taxpayers.
What types of homes qualify? Any home purchased by an eligible 1st time homebuyer and used as a principal residence. The home may be a manufactured home, a modular and be real or personal property.
Can this credit be used for a down payment or closing costs? Yes, several mortgage brokers and lenders have developed a system to make this possible.
MORE QUESTIONS: Call Larry or Jo Ann Thomas today at 628-2903 or 545-9249. We are here to "HELP YOU TODAY FOR YOUR TOMORROWS"