admin | January 3, 2010
The Home at Last Program Is a Mortgage Credit Certificate (MCC) program that provides a dollar-for-dollar federal income tax credit equal to 20% (for loans over $190,000) or 30% (for loans under $190,000) of the interest paid on a mortgage loan. This credit is given to the homebuyer every year as long as they live in the home. This tax credit will provide an estimated annual savings of $2,000 a year per household.
Category: Financing/Mortgage Topics, Tax Credits |
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Tags: Chase International, Home at Last, Homebuyer, loan limits, mortgage, Nevada, NV, Real Estate, reno, Rural Housing, Talayka, Tax Credit, www.sellingnorthernnv.com
admin | June 1, 2009
The U.S. Department of Housing and Urban Development issued Mortgagee Letter 2009-15 on May 11, 2009. A portion of this letter outlined the use of the First-Time Homebuyer Tax Credits for use as a Down payment on an FHA mortgage.
The U.S. Department of Housing and Urban Development issued Mortgagee Letter 2009-15 on May 11, 2009. A portion of this letter outlined the use of the First-Time Homebuyer Tax Credits for use as a Down payment on an FHA mortgage
Category: FHA loans |
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Tags: FHA, FHA down payment, first time buyer, First time buyer tax credit, Tax Credit
admin | April 13, 2009
One of the provisions of the Housing and Economic Recovery Act of 2008 was the First-Time Homebuyer Tax Credit. The Credit is designed to encourage first time buyers to go ahead and purchase their first home. The Credit amounts to 10% of the purchase price, and may be as much as $8,000.
Category: General, Tax |
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Tags: economic recovery, green + wired, Homebuyer, Real Estate, Tax Credit
admin | January 28, 2009
You can earn up to a $7,500 tax credit on your first home. The Tax credit works as an interest free loan that is repaid over a 15 year period.
Category: Tax, Tax Credits |
1 Comment »
Tags: first time buyer, Real Estate, Tax Credit
