The first time home buyer tax credit?

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Are you eligible for the 2008 2009 for credit-time home buyer tax first if using a payment program to help and the loan is FHA My question is on this basis: Now, I did not quite understand what a RB or if it relies on FHA loans Hilfsprogramme.13 or partial payment. Can I claim the tax credit if I finance the purchase of my house by a deposit of mortgage revenue (MRB) program? No, the tax credit are not combined with the MRB program home buyer.

1 Comment
  1. Reply
    v b
    May 1, 2011 at 2:55 am

    Look through your paperwork. Is there a Mortgage Credit Certificate?

    These are programs were local governments do a bond program–they sell the bonds, take the money and lend it at LESS than the going interest rate to first time homebuyers. Since you are already getting financial help, you don’t get another one.

    A down payment assistance program isn’t the same thing. It’s a technique of getting around the 3% down payment requirement to qualify for the loan. Your cost basis in the home is MINUS this downpayment when it didn’t come out of your pocket. (Most of these programs have been shut down because the money came from the builder and the builder just raised the price to cover it. Leaving you with a higher sales price and probably higher property taxes.)

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