Mar
7
Home Buyer Tax Credit $8,000
March 7, 2009 | Leave a Comment
President Obama and the government have agreed to give home owners a $8,000 tax credit to buy a home. Veteran can take full advantage of this.
#1 – you no longer have to pay back this tax credit if you buy your house between Jan 2009 to Dec 2009, and do not sell your home within 3 years
The tax credit is only available if you have not owned a home for at least 3 years The amount of the credit is the lesser of $8,000 or 10% of the purchase price
If you owe taxes the credit will go towards that, if you owe less than $8,000 you will get a refund. So if you owe $1,000 in taxes you will get a $7,000 refund.
You must take advantage of this offer by the end of Dec 2009.
You can use your refund to do what ever you want with. A great vacation, a new car what ever.
The stimulus plan allows for an increase in the Fannie Mae and FHA loan limits for CA, the limit is now $729,000 in many parts of CA.
Give us a 858-922-7899 (direct)
Sr. Loan Officer and VA and FHA Loan Expert
858-922-7899 (direct)
Comments
You must be logged in to post a comment.