$8000 Tax Credit – TIME IS RUNNING OUT!!!

Attention Dallas Fort Worth first time home buyers!  Time is running out! As of now you have less than 3 months to take advantage of the $8,000 tax credit offered by the Federal Government.  If you are still planning on buying a house and taking advantage of this historic opportunity you must make your home purchase by December 1st of 2009 (in order to qualify).

Here are some of the basic guidelines to see if you might qualify for the tax credit.  First of all, a “first time home buyer” is considered to be someone who has not owned a home for the past three years.  As for the limit you can receive, just look at the purchase price of the home and take 10%.  The max is  capped at $8,000, and is subject to income limitations, meaning that if you are single you would need a modified adjusted gross income of $75,000 or less to qualify for the full credit.  Married couples need a gross income of $150,000. If you happen to make more than that, you may in fact be eligible for reduced credits.  The last main requirement is that you must live in the house as your primary residence for at least 3 years.

Honestly it would be a big mistake to miss out on this opportunity.  I don’t care who you are, but $8000 is a good chunk of change to get for buying a house.  We may never see something like this come about again.

To see a video explaining the tax credit in further detail, please CLICK HERE.

And if you don’t feel like doing the research yourself just CONTACT US and we will find out if you qualify.  Here at dfwmortgageguide.com we will do everything we can to get you in a new house and out of the rent race.

3 Comments for this entry

• 

  Mike Harmon

  September 10th, 2009 on 11:15 am

  Great post. I will read your posts frequently. Added you to the RSS reader.
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  Jeremy R

  December 18th, 2009 on 1:58 pm

  Michael, I really appreciate all of your help with my loan! I’m telling all my friends and family about the great work you do. I look forward to working with you again in the future!
• 

  admin

  December 18th, 2009 on 3:14 pm

  No problem Jeremy. I’m just glad I could help you out. Enjoy your new house!