2009 Tax Credit For First Time Home Buyers
- The NEW $8000 Tax Credit does NOT have to be repaid if the home buyer stays in the home for 3 years.
- Escrow must close between Jaunuary 1 and December 1, 2009.
- The buyer must be a First Time Homebuyer which is defined as, "someone who has not owned a home for the past 3 years."
