Posts Tagged ‘First-time Homebuyers’

“Eric became very attuned to our needs and took care to show us homes that would fit us. In fact, Eric is proof of the importance of having a seasoned realtor. The home we purchased is one that neither of us had come across in our online searches. It is because of Eric’s diligence and patience that we were able to find our dream house.”

“I couldn’t imagine it going smoother or more ideal. You did a great job of looking out for my best interest and making me feel comfortable throughout the whole experience. I love the house and the Washington Park neighborhood. Again, I really appreciate everything!”

The tax credit is equal to 10% of the purchase price of your home up to $8,000. The full credit is available for single individuals whose adjusted gross income is less than $75,000. If your adjusted gross income is greater than $75,000 and your home purchase qualifies you for the full credit, the credit phases out according to the dollar amount (or percentage if less than $8,000).

Among other revisions, the American Recovery and Reinvestment Act of 2009 expands the First-time Homebuyer Tax Credit to include purchases made before Dec. 1, 2009. And it can now be used as a downpayment.


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