First-Time Home Buyer Tax Credit

Opportunity of a Lifetime for First-Time Buyers

A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence; the first-time buyer must be under contract by April 30, 2010 and close before July 1, 2010 to receive the credit.  This latest version also allows current homeowners the chance to obtain a $6,500 tax credit on a new primary home purchase.  They could qualify if they have owned and resided in their current home for a consecutive five out of the past eight years.  Other qualifications and restrictions apply.

Unlike the 2008 tax credit, the new credit does not have to be repaid.

Speak to your 1st Advantage Mortgage representative today for more information. 
You can also visit: http://www.federalhousingtaxcredit.com/