- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (5)
- Marilyn Bell, "MarilynBellSells"
- Contributions:126
[content removed by moderator for being self promotional]
The tax credit is made available through the federal government nad has nothing to do with any specific lender.
Generally, to qualify, you must meet income limitations and be a 'first time homebuyer.' You must make settlement on the new home on or before November 30, 2009.
If you plan on using an FHA loan, you can now borrow a portion of your tax credit upfront to use towards your down payment. With FHA loans, you must put at least 3.5% down on a purchase. You can use grants and/or seller assist to help you with the closing costs.
Generally, to qualify, you must meet income limitations and be a 'first time homebuyer.' You must make settlement on the new home on or before November 30, 2009.
If you plan on using an FHA loan, you can now borrow a portion of your tax credit upfront to use towards your down payment. With FHA loans, you must put at least 3.5% down on a purchase. You can use grants and/or seller assist to help you with the closing costs.
First time home buyer credits are available until December 1st. If you have not owned a home in the last three years and you purchase a home then you qualify for the credit of a max of $8k.
I sometimes wonder about questions like this...
The press have written extensively about this credit.
A google search, and 2 minutes of time, and somebody can know as much as anybody does about it.
The housing market is a rough place these days, is somebody so limited in their critical thinking that they can't simply find this answer themselves really capable of making a good home buying decision?
The press have written extensively about this credit.
A google search, and 2 minutes of time, and somebody can know as much as anybody does about it.
The housing market is a rough place these days, is somebody so limited in their critical thinking that they can't simply find this answer themselves really capable of making a good home buying decision?
- Michael Emery, "MikeEmery"
- Contributions:7298
Is the first time home buyer tax credit only available through certain lenders? If so, which lenders
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.