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March 2, 2009

$8,000 Home Buyer Tax Credit

by Jason

President Obama and the government have agreed to give home owners a $8,000 tax credit to buy a home. Veteran can take full advantage of this.

2009 is a great year to buy, loan rates are very low, house prices are very reasonable and you get a tax credit for $8,000 if you buy a house.

If you owe no taxes, you get the full $8,000. Say you owe $2,000 in taxes, you will get a $6,000 tax refund check for buying a house in 2009.

If you owe taxes the credit will go towards that, if you owe less than $8,000 you will get a refund. So if you owe $1,000 in taxes you will get a $7,000 refund.

2009 is a great year to buy if you are a veteran. Prices are low, Interest rates are at historic lows and now you get money from the IRS

You can use your refund to do what ever you want with. A great vacation, a new car what ever.

Additionally, the stimulus plan is raising the FHA and Fannie Mae and Freddi Mac loan limits back up to $729,000 in many parts of California. This means better interest rates and lower down payments for buyers in those higher price categories.

Give us a 858-922-7899 (direct)

Sr. Loan Officer and FHA and VA Loan Specialist

858-922-7899 (direct)

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Filed under Loans by Jason

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