February 17th, 2009 8:28 AM by Mary Schwarz
With the passing of the new Stimulus Bill, first time home buyers have even more reason for purchasing a new home. The existing tax credit guidelines have loosened for the better! If you are a first time home buyer and purchase a home after Jan 1, 2009 and before Dec 1, 2009 you will be eligible (generous income limits apply) for a tax CREDIT of 10% of sale price or $8000 whichever is less.
This is a wonderful incentive and can be combined with the MHDC tax credit loan program for buyers who are short on down payment funds. Go to www.mhdc.com for details.