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| Blaine Morris
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4929 East 96th Street
Indianapolis, IN 46240
Office: (317) 705-2500
Phone: 317-705-2613
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First-time home buyers and move-up buyers have another great reason to get on the path to purchasing a new home! The benefit to first-time homebuyers is a tax credit up to $8,000 and for move-up buyers a tax credit up to $6,500. But this opportunity ends in April.
A Quick Overview:
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Between November 7, 2009 and April 30, 2010, homebuyers that have a signed binding contract to purchase a home may be eligible for the tax credit. The transaction must close no more than 60 days after April 30, 2010. |
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First-time homebuyers may receive a credit of 10 percent of the purchase price up to the $8,000 tax credit amount. If you have never owned a home before or have not owned a principal residence in the last three years, you are considered a first-time homebuyer. |
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For "move up" buyers, a tax credit of 10 percent of the purchase price of the new home up to $6,500 is available for homeowners who have lived in their current residence for at least five of the past eight years. |
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There are additional allowances for military families. |
TAX CREDIT FAQ's
NEW TAX CREDIT COMPARISON CHART
FHA HOMEBUYER TAX CREDIT INFO
EACH WEDNESDAY NIGHT AT 6:30 PM
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