Home Buying in 33774>Question Details

Kathy, Home Buyer in New York, NY

NEW TAX CREDIT FOR 2009 FOR FIRST TIME HOME BUYERS

Asked by Kathy, New York, NY Thu Feb 19, 2009

I PLAN ON PURCHASING A HOME WITHIN A COUPLE OF MONTHS IN FLORIDA , CLEARWATER, LARGO AREA. I PLAN ON USING MY INCOME FROM THE STATE I LIVE IN NOW NEW YORK. ONCE I PURCHASE THE HOUSE I DO NOT PLAN ON MOVING RIGHT AWAY, MOST LIKELY WITHIN THE YEAR. THIS WILL BE THE FIRST HOUSE I EVER OWNED, WILL I BE INTITTLE TO THAT NEW CREDIT FOR FIRST TIME HOME BUYERS?

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Answers

3
See Below

Examples of the Down Payment Assistance

$150,000 up to $1,500
$250,000 up to $3,500
$500,000 up to $10,000


The DPA (Down Payment Assistance) is for any borrower purchasing a listed property over $133,000 in Florida and does NOT have to be paid back.

It can be used for the purchase of a:

Primary Residence

2nd Home

Rental Property

Contact me for more info on the DPA Program.


Steve McRory

Pro Option Mortgage
http://www.pro-option.com
steve@pro-option.com
Ph: 888 662 4404
0 votes Thank Flag Link Tue Jun 26, 2012
I was a tax preparer in my former career. If you are not working with a Realtor, I would be glad to meet you and discuss the tax ramifications of home ownership. I specialize in the Clearwater/Largo/Seminole area.

Martha Vasquez
Realty Resources
(727) 244-9404
Web Reference: http://MarthaVasquez.com
0 votes Thank Flag Link Thu Feb 19, 2009
Hi Kathy -- There's quite a bit of information on this website about the new tax credit: http://www.federalhousingtaxcredit.com/

Hope this helps. Good luck and Happy House Hunting!

Louise Warring
Coldwell Banker Residential Real Estate
0 votes Thank Flag Link Thu Feb 19, 2009
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