Adventures in Househunting – Amazing Tax Credits Available!

Do you know about all the tax credits offered right now? If you are a first time homebuyer, the U.S. goverment will give you $8,000 just for buying a house! And, in Georgia, you will get an additional $1,800. Another offer for Georgia residents right now is the Georgia Dream NSP Program. This offers $14,000 for purchasing a foreclosed home. There are a lot of stipulations with this offer, which vary by county, so please research the website to see if you qualify. Or, ask your lender to be sure.

The $8,000 tax credit is availabe for all first time homebuyers. It is a credit that you will take when you file your 2009 taxes and, unless you owe the government a ton of money, you will get a nice check back from them! The $1,800 Georgia tax creditis for any single family homebuyer (including condos). This credit must be claimed over three years, in incraments of $600. With both credits, there are stipulations, so please follow the links and read more.

As you can see, there are many incentives out there to buy a home right now. One common factor in every program I mentioned is that you must close on your home by November 30, 2009. There are many other programs out there, and details change daily. So, if you are even considering buying a home, it is time to get out there are start looking! Interest rates are still below 5.5% and that is amazing! Happy House Hunting!

Have a question about buying your first home? Or a specific topic you would like discussed? Email me at adventuresinhousehunting@mriwebsites.com. If you have any advice for this first-time homebuyer, feel free to leave it in the comments section. Thanks!