Posted on: 03rd Jun, 2009 06:04 pm
Whats the max amount i can get?
Hi, Well if your a first time home buyer you get 10% of the amount of the house up to a max of 8k. So if the house is 80k then you will get the max amount. So any house over 80k and you will get the max amount.
Just doing some research on this and there are some other things to mention as well.
The income requirements are that you have to make less than 75K for a single tax filer and less than 150K for joint.
You can not have owned your primary residence that you lived in for the past three years so depending on your circumstances you still may qualify for the credit even if you've owned a home before.
Just thought I would share...
...I plan on paying off the rest of our credit card debt and an auto loan with our $8K. What a nice unexpected suprise!
I still think Obama's destroying our economy though by giving out all of this money!!! :D
The income requirements are that you have to make less than 75K for a single tax filer and less than 150K for joint.
You can not have owned your primary residence that you lived in for the past three years so depending on your circumstances you still may qualify for the credit even if you've owned a home before.
Just thought I would share...
...I plan on paying off the rest of our credit card debt and an auto loan with our $8K. What a nice unexpected suprise!
I still think Obama's destroying our economy though by giving out all of this money!!! :D
