Sentences with phrase «current home buyer tax credit»

Not exact matches

The tax credit, when combined with lower home prices, an FHA home loan, and current low mortgage rates, can provide buyers with optimal opportunity for finding a new home at great value.

Buyers who are prepared to qualify for FHA loans may gain the benefits the unprecedented intersection of favorable home prices, interest rates, comparatively lenient FHA guidelines, and a tax credit of up to $ 8000 for first time buyers or $ 6500 for eligible current and former homeoBuyers who are prepared to qualify for FHA loans may gain the benefits the unprecedented intersection of favorable home prices, interest rates, comparatively lenient FHA guidelines, and a tax credit of up to $ 8000 for first time buyers or $ 6500 for eligible current and former homeobuyers or $ 6500 for eligible current and former homeowners.

Two versions of the tax credit are still being offered: a maximum credit of $ 8,000 for first - time buyers (and those who last owned a home 3 or more years ago), as well as a $ 6,500 credit for current homeowners.

The current guidelines require both spouses to have the same exact ownership history in order to claim the tax credit, a standard that does not apply to unmarried couples, effectively penalizing married home buyers.