Buyers: Are you eligible for a $7,500 Tax Credit?

Are you ready for a large check from the federal government to help you out during your first year of homeownership? You could buy a home (must close before July 1, 2009) in 2009 and apply your tax credit on your 2008 taxes! If your timing is good, you could receive your refund check before your first mortgage payment is due!!!

This program is available to homebuyers who have not owned a home in the last 3 years. The credit is repaid on your future tax returns at the rate of $500 per year over the next 15 years (much like an interest-free loan). There are income limits (for single individuals - $75,000 per year for the full credit).

This credit can be used for purchases on or after April 9, 2008. Please consult your tax advisor to confirm your eligibility for this program & the benefits in your particular situation.