Got the urge to purchase a home? Worried about the impact such a purchase could have on your back pocket? While buying a home is something that needs to be thought out, there is a new government program designed to help make home ownership more affordable.
Here in Central Louisiana, I work with many first time buyers. Most of these clients are young families just getting their feet on the ground. This new program provides an 8,000 dollar tax credit for first time buyers. Simply put, when you file your taxes next year this program puts 8,000 on your Uncle Sam account.
Another interesting twist...the federal government defines all folks who have not owned a home in the past year as "first time buyers". So this program may help military families how have been deployed and living in base housing.
As with any government program, things are subject to change. While this information is deemed accurate, this is not legal advise. Still have questions?? Your realtor can be reached at 318-613-1994.
Happy House Hunting!!
Thursday, May 28, 2009
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