we own an older mobile home do we still get first time home owners rebate of $ 8,000
we would like to buy a modular home do we qualify for rebate if we live in an old mobile home
Answers (2)
If you bought your mobile home THIS YEAR, and you did not have ownership in a home before that, then you are considered a first-time buyer. The tax credit is for first-time buyers only. The tax credit is for an amount 10% of the purchase price up to $8000.
Your new purchase does qualify you for the tax credit, since you are not first-time buyers. Hope this clarifies things.
Web Reference: http://www.MemphisOwners.com
FIRST ANSWER
Faith,
Answers to most common first time incentive program questions can be found on this website.
http://www.federalhousingtaxcredit.com/2009/faq.php
Good luck
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