Does the $8,000 Tax Credit only apply to those with an FHA Loan? Can I go for a CONVENTIONAL Loan and still ge?
Does the $8,000 Tax Credit only apply to those with an FHA Loan? Can I go for a CONVENTIONAL Loan and still get the $8,000 Tax Credit?
Tags: $8000, apply, conventional, Credit, Loan, only, Still, those
2011/09/11 at 23:26:32
As long as you are a first time home buyer, do not exceed the income guidelines, it is your primary residence, and the sale is an arms length transaction, you are eligible.
If you do not use the home as your primary residence for the three years following the purchase, the tax credit needs to be repaid.
2011/09/11 at 22:27:24
The $8,000 one time tax credit only applies to those who are first time home buyers.
2011/09/11 at 21:40:57
There is NOTHING in the tax credit that states you MUST have an FHA loan. ANY type of home purchase is eligible….even if you pay 100% cash for the house. How you buy the house is irrelevant.