Brett Phillips

Who Qualifies?

First time home buyers who sign paperwork by April 30, 2009 and close by June 30, 2009, and home buyers looking to upgrade to a new home.

Which Properties Are Eligible?

Primary residences, including: single-family homes, condos, townhomes and co-ops.

How Much Will the Credit Be?

The maximum allowable credit is $8000 for first time home buyers. The maximum allowable credit is $6500 for buyers looking to upgrade to a new home. Each tax credit is determined by two factors: the price of the home and the buyer's income.

If the Buyers Income Exceeds These Limits, Can They Still Get A Credit?

Yes, some buyers may still be eligible for the credit...

Will the Tax Credit need to Be Repaid?

No, the buyer does not need to repay the tax credit...

Questions? email me: brettphillips@remax.net