First-time homebuyers can receive tax credit (loan) of up to $7,500
Rescue Bill Announcement Update
Within the Economic Recovery Act HR 3221 signed into law, there is a tax credit up to $7,500 for first-time homebuyers purchasing homes between 4/9/2008-7/1/2009.
What is the definition of a first-time homebuyer?
The law definition is a buyer who has not owned a principle residence during the a 3 year period leading [...]



