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Answers (4)
- Michael Emery, "MikeEmery"
- Contributions:7296
There is money available under the Mass Program but it appear to be for First Time buyers and not repeat buyers. Here's the link for more info if you're a First Time Buyer in Massachusetts.
MassHousing
MassHousing
- Cindy Ayre, "cindyayre"
- Contributions:2
I believe that the MHFA - Massachusetts Housing Finance Agency - if you qualify for financing under their guidelines will let you borrow that money in the form of a 0% loan. If you don't pay it back when you get your tax credit than it turns into a loan at the same rate as the mortgage that you just borrowed.
Check with your mortgage lender on the details.
Check with your mortgage lender on the details.
- Heidi Zizza, "Heidi Zizza REALTOR"
- Contributions:724
No you get the credit after the purchase is over.
- Michael Emery, "MikeEmery"
- Contributions:7296
No. If you qualify for the $6,500 tax credit you are or recently were a homeowner. Hence you should have some equity from the sale of the previous property.
Can the 6500 tax credit be used towards the downpayment?
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