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First Time Home Buyer Rebate Program

Posted by Greg McCoy on September 4th, 2008

Are you, or is someone you know, thinking of buying their first house? As part of the Housing and Economic Recovery Act of 2008, a tax credit is now available for those buying their first home. This tax credit also applies to anyone who has not owned their principle residence for a 3-year period before their home purchase. The tax crdeit is equal to 10% of the purchase price of the house up to $7,500. The credit phases out for buyers whose income is above $75,000. If you would like more information on this credit please give me a call at 309-208-1121, or visit my website: www.GregMcCoy.com.

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