Wondering how you can make the dream of home ownership a reality? Here’s a program that can help!

A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before May 1, 2010.

Highlights of the First-Time Home Buyers Tax Credit

  • The tax credit is for first-time home buyers only.
  • The tax credit does not have to be repaid.
  • The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
  • The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
  • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
*For more details, please visit www.FederalHousingTaxCredit.com.
  • With a softening housing market, your buying power is stronger than in recent years
  • Owning a home is still one of the best long-term investments and a step toward financial security
  • Mortgage rates are near 30-year lows for qualified buyers
  • Congress approved the Economic Stimulus bill which increased the FHA loan limits
  • Owning a home is the largest tax break for most Americans