As a 1st time home buyer you would qualify for the $8K rebate/incentive. I would contact my tax accountant for more info. If this would be your principal residence within the last three years it would qualify. Let me know how I may best assist you with your real estate needs in the Santa Fe, NM area.
Any home qualifies for the credit,house,condo.mobile,houseboat...The issue would be whether you qualify as a first time home buyer. if you have not owned a principal residence in the last 3 years,you would be eligible.