First Time Home Buyer

The U.S. Congress took steps to help first time home buyers by extending the tax credit
Here are the top 10 things the IRS wants you to know about the expanded credit and the criteria you must meet in order to qualify for it.
The program could assist many thousands of first time home buyers to successfully apply for mortgages this coming year.
Many in the housing industry are urging Congress to extend the first time home buyer tax credit for an additional year and to make it available to all
Home buyer Tax Credit Act of 2009 would replace the current tax credit for first time home buyers with a one-time credit for 10% of the purchase price