Home Buying in 22602>Question Details

Carouser, Home Buyer in Abingdon, VA

We qualify for the first time homeowner tax incentive. We have a home we can close on by the november

Asked by Carouser, Abingdon, VA Sat Jul 25, 2009

deadline. But the home needs extensive renovation and we won't be able to occupy until late spring of 2910. Meanwhile we will be staying in a rental. Do we qualify?

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Answers

1
We believe the program specifies only the the property transaction needs to close by December 1, 2009 and that the home purchased needs to be your primary residence. We have not seen any deadline for occupancy of the home.

It might be worthwhile to review the attached resource:
http://www.federalhousingtaxcredit.com/2009/faq.php

Good luck
0 votes Thank Flag Link Sun Jul 26, 2009
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