Posted on: 07th May, 2009 05:02 pm
hey guys, i co signed a home with my sister last year so i cant get the credit
on the house me and my husband are about to buy. but since interest rate
are so low my mom wants us to refinance the house we bought last year.
if my brother( first time home buyer) co-signs with my sister, would my brother will be eligible for credit?ann
on the house me and my husband are about to buy. but since interest rate
are so low my mom wants us to refinance the house we bought last year.
if my brother( first time home buyer) co-signs with my sister, would my brother will be eligible for credit?ann
I believe it is an "all or none" scenario. Both borrowers will need to be first time home buyers. Does anyone else have data that supports a different explanation?
Hi annie,
I also believe that both your brother and sister have to be first time home buyers to avail the tax credit. However, if your brother is the only one on the deed to the new house, he can definitely get the first time buyer tax
credit.
Thanks,
Jerry
I also believe that both your brother and sister have to be first time home buyers to avail the tax credit. However, if your brother is the only one on the deed to the new house, he can definitely get the first time buyer tax
credit.
Thanks,
Jerry
the answer is "no."
