2010 - Dodd-Lieberman-Isakson Amendment. On November,6 of 2009 this new law extended and expanded the first 2009 $8,000 First-time Homebuyer Tax Credit Plan. This new plan not only extends the $8,000 Tax Credit for first-time home buyers but now includes a $6,500 tax credit program for all qualified owners of existing homes wanting to buy a new home. This new program goes into effect December 1, 2009 for homes under contract by April 30, 2010 and closed by June 30, 2010. Do you qualify? View the following informational fliers for provisional information. See details of the program here.
The New Homebuyers Tax Credit Explained.
The New Homebuyers Tax Credit - Frequently Asked Questions.
The 2009 Homebuyers Tax Credits - Comparison of Provisions.
Tax Credit For First-Time Homebuyers
Tax Credit For Repeat Homebuyers
In addition, The Ohio Housing Finance Agency has developed its own tax credit bridge loan programs. With the help of OHFA you can use the Tax Credit Program to help cover closing costs, buy down interest rates, or add to minimum down payment. Ohio home buyers can use the tax credit upfront to cover all or part of their down-payment. These Ohio programs are separate from and additional to the HUD programs.
There are many other federal, state, and local loan assistance programs for first time buyers as well. Your RE/MAX Valley Associate will help find the right program for you. Call today.
Download "Opportunity Knocks for Home Buyers."