Tax credit info,first time home buyers,investors,New Homes,resales,

Homes from the $ 80,000 to $2 Million Plus

We are pleased to offer buyers agency in the GreaterAtlanta Metro Area

Tax Credit is available to buyers buying their very first home
Tax Credit is available to buyers who have not owned a principal residence in the last 3 years.
The maximum credit amount is $8,000
The credit is available for homes purchased on or after January 1,2009 and before December 1, 2009.
Single taxpayers with income up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
The tax credit does not have to be repaid.
The IRS has interpreted the law to allow unmarried co-purchasers, including investors -- to buy one-to-four unit properties with the credit flowing to a co-purchaser who qualifies for the credit, and will live in one unit, while the other units are rented out.
The credit itself has just become more attractive for buyers using FHA financing. The Federal Housing Administration has issued new guidance to lenders allowing them to "monetize" the credit and advance cash to first-time purchasers for closing fees and other expenses, including interest rate buydowns.
As of June 1, FHA lenders can loan first-time buyers up to $8,000 on a short-term basis for use on closing and some downpayment costs.

For Sale Georgia Homes
• Atlanta, GA 30328
Tel: (770) 912-5056 • Fax: (770) 499-8516