Yes, however this tax credit is such a great opportunity if you look at it. It's INTEREST free money that you only have to pay back in a amortized term of 15 years. If you get the full $7,500 which is usually the case since the max is 10% of the purchase prices and most homes are more than $7500. You do need to confer with someone in the tax profession to understand fully how this can work for you, but here's food for thought.: if you took that Interest free money and invested it into a secured investment even getting you a 4% return on your money, You stand to make almost $4,000 PROFIT off of that tax credit and that's after you've paid it back. The possibilities and opportunities are there, you've just got to do a little home work.
Hope that also helps.