Live Rate Quotes
Real Estate Chart of the Day
Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get free email alerts, or subscribe to the RSS feed in your browser.
Some real estate agents and mortgage lenders position and market the $8,000 First-Time Homebuyer Tax credit as a universal program but it's important to know that not every first-time home buyer is eligible. The IRS definition of "first-time homebuyer" may be different from what you expect.
As part of the American Recovery and Reinvestment Act of 2009, Congress authorized a first-time homebuyer tax credit of up to $8,000. The $8,000 credit replaces the $7,500 tax rebate program that was included in last year's stimulus.
