Good News for First Time Home Buyers
The Housing Recovery Act of 2008 contains a tax credit for first time home buyers which will be beneficial here in the Sacramento real estate market. Although it is actually a loan, repayment is stretched out over 15 years and is interest free. The maximum benefit is $7,500 but is conditioned on purchase price, adjusted income and tax filing status.
Sound complicated? It really isn’t, check out the easy to understand details in my weekly column, First Time Home Buyers, over at Rocklin & Roseville Today and/or Sacramento Today.