Profile picture for Cobrand Demo4

XYZ Brokerage

Email: ryan@xyzbrokerage.com

Phone: (206) 555-1234

Website: www.xyzbrokerage.com

Back to Results

Tools

Partner Tools


First time homebuyer $8,000 credit/rebate?

What are the details and how do I apply?
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 10 - Fairview
RSS

Answers (9)

The $8,000 tax credit is up to 10% of the purchase price, so in order to qualify for the total of $8,000 the purchase price would need to be $80K or higher.  There is a form you fill out after you close to receive the credit on your taxes when they are paid for the year 2009.  There are also restrictions depending on income level.  The home does need to be purchased by 11/30/09 in order to qualify.  Remember, if you owe the gov't any money - then the credit will be taken to help offset any due.  It's not as if they are turning around and just giving you the $8,000 - it all depends on taxes.
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 13
Profile picture for sunnyview
Contributions: 10867
Zillow All-Star

Since January 2009

My favorite site is this one here. The FAQ is excellent. Also be sure to check out the IRS website that Mike Emory posted because it gives lots of helpful scenerios and answers a lot of questions too.
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 08
Profile picture for Tom Spaniel
Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 8
I'm heading to a training on how to use the $800 credit for closing costs AND downpayment.  I will have all your options tomorrow the 9th of July.
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 08
Profile picture for Lynda Mckenzie
Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 157
Revised $8,000 tax credit information

Another helpful site.  There are many other contributors on the topic but you will be directed first to my site.  I hope you find the information informative.
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 10
Profile picture for Lynda Mckenzie
Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 157


Sorry last answer got merged together

$8,000 tax credit frequently asked questions
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 10
Profile picture for Lynda Mckenzie
Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 157
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 10
Here is some information on the 8000 tax credit
The form to submit with your tax return is the 5405 first time homebuyer credit.
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 10
Profile picture for MikeEmery
Real Estate Agent
Contributions: 2492
Zillow All-Star

Since December 2008

Or you can go straight to the horses mouth (IRS) for the info.

http://www.irs.gov/newsroom/article/0,,id=206291,00.html
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 10
Hi Malcolm.
Here is a link to all the info you should need.
Hope this helps.
J.
http://www.centraltexashomerebates.com/html/_8000_home_credit.html
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 10
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

 
Top Lenders
Ratings
Subscribe via RSS
  1. 5.0/5.0

    20 reviews
  2. 5.0/5.0

    19 reviews
  3. 4.8/5.0

    24 reviews
  4. 4.8/5.0

    44 reviews
  5. 4.8/5.0

    50 reviews
Related Questions
Question First time homebuyer $8,000 credit/rebate?
  • Latest answer by Mary Papageorge
  • July 13
Need a Mortgage?

Zillow Mortgage Marketplace

  • Competitive rates
  • Accurate, custom quotes
  • Thousands of lenders

... and, it's free and anonymous

Get instant mortgage quotes
Estimated purchase price Current mortgage balance Desired loan amount
98104

Learn about Zillow Mortgage Marketplace

Zillow Poll:
Suggested by PrjMgr
As a buyer, and you see a FSBO home, do you..
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

pageName