Home Buying in Staten Island>Question Details

charleslanza, Home Buyer in Staten Island, NY

1st Time Home Buyer Incentives

Asked by charleslanza, Staten Island, NY Sun Dec 30, 2012

Are there any incentives like tax credits or deductions for 1st time home buyers?

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Answers

3
Anna Brocco’s answer
Check with your loan officer, also see links for possible helpful information...
http://www.hud.gov/local/ny/homeownership/buyingprgms.cfm
http://www.nyshcr.org/Topics/Home/Buyers/SONYMA/
0 votes Thank Flag Link Mon Dec 31, 2012
Michael is correct. But keep in mind that as of right now there are still the income tax incentives i.e. Mortgage Interest Deduction and Real Estate Tax deduction.

Best regards,
Will Knoop
0 votes Thank Flag Link Mon Dec 31, 2012
There are no Federal incentives currently, but you can always check with your local city and county housing agencies to see if they have funded any such programs. Usually, those programs offer discounted rates on loans rather than give out credits.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Mon Dec 31, 2012
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