8000 First-time Homebuyer Credit

I know alot of people have already explained this but I still get daily questions on this new topic.

All First Time Homebuyers who purchase a home in 2009 are eligible for the $8,000 First Time Homebuyer Credit.

Qualifications:

A First Time Homebuyer is defined as you or your spouse have not owned a primary residence in 3 years.

You are a US Citizen

You do not have income does not exceed $75,000 ($150,000 if married filing jointly)

Benefit:

You do not have to pay back the $8,000 First Time Homebuyer Credit

How do you claim?

Fill out the IRS Form 5405 First-Time Homebuyer Credit and attach to your 2009 1040

With this in place and interest rates at historic lows - NOW is a great time to purchase a home.

Contact Naoma Doriguzzi at New American Mortgage for your FREE Mortgage consultation today!