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

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

    A first time homebuyer tax credit offers a direct reduction of the amount of income tax you owe. The U.S. federal government offered a tax credit program to first-time homebuyers (including those ...

  3. From grants to low-interest loans, this state-by-state guide ...

    www.aol.com/grants-low-interest-loans-state...

    Minimum credit score of 640, first-time home buyer (repeat home buyers in some areas can still qualify), sales price limit of $224,500 statewide. Minnesota Housing

  4. First-time homebuyer guide - AOL

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

    Mortgage credit certificates: In certain states, first-time homebuyers might also qualify for a mortgage credit certificate (MCC). The MCC offers a dollar-for-dollar federal tax refund of a ...

  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 loans and programs - AOL

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

    First-time buyer loans typically have more flexible requirements, such as a lower down payment and credit score. Many help buyers with closing costs and the down payment through grants and low ...

  7. Mortgage Credit Certificate - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Credit_Certificate

    The amount of mortgage credit allowed varies depending on the state or local government that issues the certificates, but is capped at a maximum of $2000 per year if your State's rate is over 20%, by the IRS. As an example, if a homebuyer were to receive an MCC that offers a 30% credit on a $200,000 loan for 30 years with a rate of 6%, the ...

  8. Guide to first-time homebuyer grants - AOL

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

    How to apply for a first-time homebuyer grant. ... For example, if you have a credit score lower than the minimum 620 needed for a conventional loan, you might explore an FHA loan, ...

  9. Registered home ownership savings plan - Wikipedia

    en.wikipedia.org/wiki/Registered_home_ownership...

    Like the RHOSP, money contributed to the account would result in a deduction from taxable income and withdrawals would be tax-free if used to acquire a dwelling. The Liberal platform also includes the doubling of the tax credit for first-time home buyers (from $5,000 to $10,000). [31]