First-Time Homebuyer Tax Credit
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Definition of 'First-Time Homebuyer Tax Credit'
A refundable tax credit made available to Americans purchasing their first home. The first-time homebuyer tax credit originally applied to home purchases made by qualified first-time buyers between April 9, 2008, and July 1, 2009. However, the Obama administration extended the original time frame requiring homeowners to have a signed sales contract until May 1, 2010, and gave them until the end of June, 2010, to close the transaction.
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Investopedia explains 'First-Time Homebuyer Tax Credit'
The original tax credit implemented a credit of 10% of the home's purchase price, up to $7,500, which had to be repaid over 15 years in equal installments. However, the expanded version of the tax credit increased the maximum to $8,000 and removed the repayment requirement altogether, as long as the buyer stayed in the home for at least three years.
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Search results for 'First-Time Homebuyer Tax Credit'
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http://financialedge.investopedia.com/financial-edge/1210/Top-Homeowner-Tax-Write-Offs-For-2010.aspx
... The credit is also disallowed on any home purchase that exceeds $800,000. (For related
information, see The Truth About The First-Time Homebuyer Tax Credit.). ...
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http://www.investopedia.com/slide-show/financial-blessings-2009/tax-credit.aspx
... has happened for the past two years. First-Time Homebuyer Tax Credit Is
Extended. The $8,000 tax credit for first-time homebuyers ...
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http://www.investopedia.com/slide-show/financial-blessings-2009
... has happened for the past two years. First-Time Homebuyer Tax Credit Is
Extended. The $8,000 tax credit for first-time homebuyers ...
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http://www.investopedia.com/articles/mortgages-real-estate/08/homebuyer-financing-option.asp
... FHA loans are excellent for first-time home buyers ... FICO score from the three major
credit bureaus, lenders ... premiums are collected monthly with tax and property ...
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http://www.investopedia.com/slide-show/financial-blessings-2009/home.aspx
... has happened for the past two years. First-Time Homebuyer Tax Credit Is
Extended. The $8,000 tax credit for first-time homebuyers ...
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http://www.investopedia.com/slide-show/financial-blessings-2009/tarp-loans.aspx
... has happened for the past two years. First-Time Homebuyer Tax Credit Is
Extended. The $8,000 tax credit for first-time homebuyers ...
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http://www.investopedia.com/slide-show/financial-blessings-2009/gdp-growth.aspx
... has happened for the past two years. First-Time Homebuyer Tax Credit Is
Extended. The $8,000 tax credit for first-time homebuyers ...
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http://stocks.investopedia.com/stock-analysis/2010/Homebuilders-Feeling-Confident-Again-TOL-DHI-SPF-PHM0528.aspx
... None of these buyers benefited from the homebuyer tax credit, which ended April
30, 2010. ... and the company said that this quarter marked the first time in four ...
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http://financialedge.investopedia.com/financial-edge/1109/Top-10-Financial-Blessings-Of-2009.aspx
... First-Time Homebuyer Tax Credit Is Extended The $8,000 tax credit for first-time
homebuyers was scheduled to end on December 1, but those who didn't get on ...
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http://stocks.investopedia.com/stock-analysis/2010/Homebuilders-In-2010-TOL-HOV-KBH-RYL-BZH-MDC0106.aspx
... also benefit from the extension and expansion of the homebuyer tax credit from the ...
continue to see a lift from the tax credit for first time homebuyers as ...
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