FHA Home buyers’ tax credit can be turned into cash at closing
vbrasil on Jun 7th 2009
Buyers who use FHA financing soon will be able to use their $8,000 tax credits for settlement fees, escrow charges, higher down payments or to “buy down” the interest rate.
The Obama administration has put out the official word: Starting soon, first-time home buyers nationwide will be able to turn their $8,000 federal tax credits into [...]
How the California NEW HOME Tax credit Affects the Santa Clara Valley
vbrasil on Mar 9th 2009
California announced it’s own, $10,000 tax credit for any homeowner buying a new home between March 1, 2009 and March 1, 2010 regardless of whether they’re a first-time buyer or not. This comes on top of the federal first-time home buyer tax credit of $8,000 announced by the Obama administration as part of the federal [...]
Economic Stimulus and Tax Credit
vbrasil on Feb 26th 2009
Tax Credit for Homebuyers
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent [...]
