New Obama Tax Credit

How the Tax Credit Works for First Time Homebuyers

The government has enacted a new tax credit of up to $8,000 for qualified first-time homebuyers purchasing a home in 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid! The tax credit is for first-time homebuyers only (any type of property).
Through this new government program, you can qualify for up to 10 percent of the home's purchase price up to a maximum of $8,000. It's available for homes purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000.

Take Advantage of Federal Programs

Home Buyers who already filed their taxes but are eligible for this tax credit can file an amended return to receive this credit. For details go to: www.federalhousingtaxcredit.com

Don't Wait To Apply

This program, combined with historically low interest rates, makes this the best time to buy a home. Northside Mortgage may offer additional programs to serve your specific community so apply today and discover how this Tax Credit ($8,000) can work for you!