TWO FIRST-TIME HOMEBUYER TAX CREDIT PROGRAMS!
1. See $7500 credit below (must be repaid, purchase between April 2009-Dec 31, 2008)
2. See NEW $8000 tax credit click here (no repayment, purchase between Jan 1, 2009 – Dec 31, 2009)
First-time homeowner loan
MORE CASH FOR FIRST-TIME HOMEOWNERS
Do you qualify as a “first-time” homeowner?
Federal Housing Tax Credit definition
Here are the tax credit highlights:
1. The $7500 tax credit is applicable to your 2008 or 2009 tax year.
2. It is for 1st-time homebuyers (people who have not owned a primary residence in three or more years)
3. The full benefit is for available for single taxpayers with incomes up to $75,000, and married couples with incomes up to $150,000
4. The $7500 is repaid to the federal government, interest-free, in $500 increments over 15 years. These payments are part of your future tax liability.
5. The credit is for home purchased between April 9th, 2008 and July 1st, 2009
For more info, call Eric Peltier or visit:
www.FederalHousingTaxCredit.com
SOURCE:
Eric S. Peltier
Dovetail Lending LLC
ericpeltier@dovetaillending.com
Boulder, CO 80302
Phone: 303-449-0343
Mobile : 303-579-6386
Colorado License #MB100008090
NAMB Member
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eco-modpod says:
This Tax Credit is essentially an INTEREST FREE LOAN from the government. If you are currently strapped for cash or your tax situation warrants it, this may be a good option for you.
However, if paying an additional $500 over the next FIFTEEN YEARS is going to be a struggle or annoy you severely, you may want to forego this government loan.
