Overland Park KS Homes for sale & Johnson County Real Estate Blog: $7500 tax credit, Do you qualify?

$7500 tax credit, Do you qualify?

As part of the new housing bill our faithful government is offering a $7500 tax credit for First time buyer. There are several factors for eligability. Here are some of the highlighs & requirements.
  1. Must be first time buyer
  2. rebate will 10% of Homes value up to $7500
  3. income limited to singles with $75,000 or less or married couples at $150,000 or less
  4. must be repaid over 15 years (6.67% per year)
  5. remainder must be completely repaid if home sold before 15 years
  6. effective for home purchases between April 9 2008 & July 1 2009
This a great deal for first time home buyers. Also if you are looking for Down payment assistance you will need to purchase prior to October 1 2008.
Click Here to see Great Homes for Sale
  
      Property Search 
The Russell Home Team Specializes in First time home buyers, please call us today for a free consultation & loan pre-approval.
Copyright 2008 the Russell Home Team www.SearchjocoHomes.com  913-681-1383

Finding your Johnson County Kansas Dream Home has never been easier, use our links to get started.

                    johnson county homes for sale  Search Johnson County Kansas Foreclosures    searchjocohomes tagforeclosure

The Russell Home Team specializes in Johnson County Kansas Homes and Real Estate for sale. We are tech savvy realtors with over 10 years experience. Please join us on our Social Networking Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...

The Russell Home Team can be reached at 913-735-7104 or info@RussellHomeTeam.com or www.SearchjocoHomes.com

                        facebook   Twitter Overland Park Realtor  Linked In Russell Home Team  You Tube Russell Home Team  


  

 

 

2 comments • Overland Park Real Estate and Homes for sale :: Michael Russell • July 30 2008 11:35PM

Comments

If we got the 3% down payment assistance on our home are we still eligible for the $7500 tax credit?

Posted by Anonymous over 3 years ago

Yes, you should still qualify. I would check with your tax advisor to make sure you meet the income requirements.

Posted by Overland Park Real Estate and Homes for sale :: Michael Russell (Overland Park KS Realty Executives ) over 3 years ago

Participate

(optional)
What does the graphic say?