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Essential Resource for First Time Buyers - This may be the best time for a consumer to purchase their first home. The essential information on this site can help you take advantage of this rare opportunity. tax credit

The recent stimulus package has helped keep these yields at very low levels.
A tax credit of up to $8,000 is available for qualified first-time home buyers.

Down-payment requirements for a FHA mortgage can be as low as 3.5%.
there are truly, plenty of great values in the N.C. housing market at the present time.

Who is eligible to claim the tax credit?

First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009, under contract before April 30, 2010 and the home sale must be closed before July 1, 2010..

For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.

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