As previously stated it is no longer available. Invest in your home. Be sure you have a vested interest in your home. I suggest you save as much cash as you can. Keep your credit squeeky clean. If you are lucky enough to have family that can help with the down take the gift and a gift letter from them. This is a great buyers market. Many sellers are willing to help with closing costs. Prices are low as are interest rates. If you are one of the lucky people that can buy now do it.
As you can see from previous answers, the tax credit has expired.
However, there are great rates and most sellers are willing to assit with closing costs and discounts are very deep on some properties still.
If I can assist you in your search as I work the South Shore area, please give me a call at 508-846-2202 or visit my website at JanetSpaulding.com
Unfortunately, the 1st Time Homebuyer Credit expired in 2010 and there isn't any further discussions currently in place to offer it again or anything similar. The good news is that prices are still waaaay down and interest rates are at historic lows so this is an excellent time to buy a home for all the reason that people have purchased real estate for generations. If you have any other questions or would like me to refer you to an agent in your area, please let me know.
Long and Foster Realtor