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Answers (4)
- Mitchell Hall, "Mitchell Hall"
- Contributions:30
The first home buyers grant is a grant from a lender for first time home buyers. It has nothing to do with the federal home buyers tax credit from the IRS.
It is a matched savings program. The program allows qualified first-time home buyers to earn $4 in grant monies for every $1 saved over a 10 to 24 month period. As a result, potential home owners can obtain a maximum grant of $7,500 for opening an account at HSBC Bank USA, National Association and saving$1,875 through regular monthly installments.
HSBC-first-time/first-home-grant
It is a matched savings program. The program allows qualified first-time home buyers to earn $4 in grant monies for every $1 saved over a 10 to 24 month period. As a result, potential home owners can obtain a maximum grant of $7,500 for opening an account at HSBC Bank USA, National Association and saving$1,875 through regular monthly installments.
HSBC-first-time/first-home-grant
- Kristin Como, "kristincomo"
- Contributions:11
You can get the most current information about the First-Time Homebuyer Tax Credit on the IRS website. Here is the link
http://www.irs.gov/newsroom/article/0,,id=204671,00.html
http://www.irs.gov/newsroom/article/0,,id=204671,00.html
- wetdawgs
- Contributions:26854
www.irs.gov is the best place to go for the details. There are a lot of other sites with people's interpretation of the government rules, some are better than others.
- Amanda Alejandro, "homesforsale86"
- Contributions:480
www.realestateexpert1.com
6,500 -8000 tax incentive information :)
6,500 -8000 tax incentive information :)
what is a first home buyers grant ?Does anyone have any information on it?
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