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2. What is the first-time homebuyer tax credit? - AOL

   www.aol.com/finance/first-time-homebuyer-tax...

   The first-time homebuyer tax credit no longer exists; the U.S. government offered this program for first-time homebuyers from 2008-2010. A first-time homebuyer tax credit offers a direct reduction ...

3. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   Mortgage Interest Paid (1st Year): $11,933; x MCC Credit: 30% = Total Credit: $3579; Because the total credit in this example exceeds the IRS limit of $2000, the homebuyer would report a $2000 credit on their tax return. The buyer may continue to receive a tax credit for as long as they live in the home and retain the mortgage.

4. First-time homebuyer guide - AOL

   www.aol.com/finance/first-time-homebuyer-guide...

   An MCC offers a dollar-for-dollar federal tax credit, up to $2,000 per year. Challenges of being a first-time homebuyer. Buying your first home isn’t without challenges. ... time buyer, you ...

5. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   Included a first-time home buyer refundable tax credit for purchases on or after April 9, 2008 and before July 1, 2009 equal to 10 percent of the purchase price of a principal residence, up to $7,500. Phased out the credit for taxpayers with incomes over $75,000 ($150,000 for joint returns).

6. Guide to first-time homebuyer grants - AOL

   www.aol.com/finance/first-time-homebuyer-grants...

   Key takeaways. A first-time homebuyer grant can help you cover a down payment and closing costs. You don’t have to repay the grant funds. A grant might come from a bank or mortgage lender, a non ...

7. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   That said, many first-time buyers go with a 30-year, fixed-rate mortgage because the monthly payments are lower and more predictable. Two popular 30-year fixed-rate choices: conventional loans and ...

8. First-time homebuyer qualifications - AOL

   www.aol.com/finance/first-time-homebuyer...

   The three-year requirement isn’t the only criteria you’ll need to meet to qualify for a first-time homebuyer program. The other requirements typically include: At least a 620 credit score ...

9. First-Time Homebuyer Assistance Programs & Grants in the ...

   www.aol.com/lifestyle/first-time-homebuyer...

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