Fort Logan (Denver, CO)
By Richard Buchanan
(Your Castle Real Estate)
  FHA First-Time Buyer Tax Credit    In an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence.  The highlights of the tax credit are: ·   The tax credit is available for first-time home buyers only. ·   The maximum credit amount is $7,500. ·   The credit is available for homes purchased on or after April 9, 2008 and beforeJuly 1, 2009. ·   Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. ·   The tax credit works like an interest-free loan and must be repaid over a 15-year period.   Due to the volume of questions that can be generated with the above, I would recommend clicking on the below link ...
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