IRS sets guidelines for eligibility for the home buyer credit when co-borrowers purchase a property.
Home-owning parents of an adult child, co-signs for a mortgage and both names appear on the note, under some circumstances, the first-time home buyer can qualify for the whole amount say the IRS.
The parents do not qualify for any portion of [...]
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Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.
Previously, most buyers wouldn’t receive the funds until after they filed their tax return, and that [...]
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Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers
Here is more information about how the 2009 First-Time Home Buyer Tax Credit can [...]
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