1st Time Home Buyers
- This tax credit is for first-time home buyers only.
- The tax credit does not need to be repaid.
- The tax credit is equal to 10% of the home's purchase price up
to a maximum of $8,000.
- The credit is available for homes purchased on or before 30 Apr 10, and closed on before 30 Jun
10.
- Single
taxpayers with incomes up to $125,000 and married couples with
incomes up to $225,000 qualify.
Repeat Buyers
- The law defines a tax credit qualified move-up home buyer
(“long-time resident”) as a person who has owned and resided in the
same home for at least five consecutive years of the eight years
prior to the purchase date.
- The tax credit is equal to 10% of the home's purchase price up
to a maximum of $6,500.
FICO Scale
- 800 to 850: Excellent
- 720 to 799: Good
- 680 to 719: Average
- 620 to 679: Poor
- 550 to 619: Very Poor
- 350 to 549: Fail
Click
here for more information.
|
|
|
 |
Coldwell Banker Apex
2455 Ridge Road, Suite 157
Rockwall, TX 75087
Phone: 469-223-2226
Fax: 972-772-3346
Email: jodi.bogle@frankfabian.net
If you'd like
for me to give you a call please fill out the quick form
below.
|
|
