Profile picture for Swissms827

do I qualify for the 8000 if I'm not on the mortgage but on the deed

  • January 15 2010 - Peoria
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Answers (5)

Profile picture for Ofe Polack

You will probably need to contact the IRS to get a ruling on this one. 

  • January 16 2010
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Who are you making the mortgage payments to; the bank or your grandfather? You may want to call the IRS - or email them to ensure you qualify for the program.

The reason it's a little fuzzy is if your grandfather 'bought' the home and is now selling it to you via contract for deed (where you would be paying your grandfather). If that's the case the IRS would disallow you for purchasing a home from a close relative.

In any event, go to IRS.gov and look for the contact us information for the definitive answer.
  • January 16 2010
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Profile picture for Swissms827
Yes it was just purchased my grandfather had to be on the note and they put both of us on the deed. I move in Jan 20th
  • January 16 2010
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Profile picture for wetdawgs
If the home where you are on the deed is your primary residence or has been any time in the last three years, you do not qualify.

If you have been on the deed and it has never been your primary residence, and you haven't owned a primary residence in the last three years - then you may qualify.  (Income restrictions etc also affect qualification)
  • January 15 2010
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Is the home your primary residence? (where you live)
  • January 15 2010
  • 0Yes

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