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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. ... a series of federal tax credit programs were established for first-time buyers between April 9 ...

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

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

   Assistance for first-time or repeat buyers, tax credits, and DPA. A minimum credit score of 620, and there are caps to the home's purchase price. Detroit Down Payment Assistance.

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. 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.

7. Worker, Homeownership, and Business Assistance Act of 2009

   en.wikipedia.org/wiki/Worker,_Homeownership,_and...

   Besides extending the $8,000 tax credit for first time home buyers until April 2010, the Act also provides a $6,500 tax credit for current homeowners who purchase a home between November 6, 2009 and end of April 2010. [7] The Act also increases the income limits to qualify for the credit.