Could you use an extra 6,500- $8,000?
You may be able to get $8,000 from the IRS if you buy a house before
April, 30, 2010
A $8,000 tax credit for 10 percent of the purchase price of a Michigan house or condo up to a maximum $8,000 is available for first time home buyers * until before April, 30, 2010. The purchase must be a principal residence. Sellers that have sold their home are also have available to them a $6,500 Tax Credit.
A single buyer is limited to an adjusted gross income of $75,000 or less to be eligible for the full credit. Married couples can have an adjusted gross income of up to $150,000.
The credit only applies to those who buy a home on or after Jan. 1 and before April, 30, 2010, and you can amend your 2009 tax return to get this credit this year
* A first time Michigan home buyer is someone who hasn't owned a principal residence in the past Three years.
Interest rates and home values are at historic lows and it is a buyers market in Michigan home sales. There may never be a better time for you to own Michigan home! Contact us today, let's get you started
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The first step in buying your new home is to talk with a lender to see how much of a loan you qualify for, Golden Mortgage Call Help