My New Blog

First-Time Home Buyer Tax Credit at a Glance

• The tax credit is available for first-time home buyers only.
• The maximum credit amount is $7,500.
• The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
• The tax credit works like an interest-free loan and must be repaid over a 15-year period. (i.e. $500 a year).

For frequently asked questions, click on the following link:

http://www.federalhousingtaxcredit.com/faq.php

It is important that you work with a mortgage professional that is familiar with these products and others to obtain the best financing and discounts for your individual circumstances. 

Every customer has a different combination of assets, limitations and dreams. Our job is to understand you unique needs so we can formulate the perfect solution for you.

The Sandon Mortgagage Group                        

Mortgage & Investment Consultants

(813) 319-6500