ACT NOW AVAILABLE ONLY UNTIL 4/30/2010. The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. We are the Triangle's Leading First Time Buyer Specialist...Contact us to see if you qualify.

$8,000 First-time Home Buyer Tax Credit at a Glance

  • The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
  • The tax credit does not have to be repaid.
  • The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
  • The tax credit applies only to homes priced at $800,000 or less.
  • The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
  • For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
  • For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

What an incredible opportunity for first-time homebuyers!
In addition to a huge selection of affordably priced homes to choose from and record low interest rates, first-time homebuyers now have the added incentive of a $8,000 federal income tax credit to help you buy your first home!

Now is the time to stop paying rent. Become a homeowner instead!
We’re here to educate and help you every step of the way.

To start your homesearch or to find out if you qualify contact us today or start your home search here.