Financial Accuracy

I wanted to do a little research on the $8,000 federally offered tax credit available this year and this is what I have discovered. It is for anyone who singly makes less than $75,000 or as a couple makes less than $150,000.

In order to be approved in the last three years you could not have been a home owner. This is ideal for first time home buyers who are looking to jump into the real estate market. They get a 10% down payment credit up to $8,000.

This means if the value of the home is less than $80,000 then you receive 10% of what it costs. Beyond this, though, you only get $8,000. This is an incredible deal and if you qualify for this you should really look into jumping in now. Rates are at record lows so now is truly the time.