$7500 tax credit interest-free loan for new homeowners having single income less than $75k

Posted on January 23, 2009
Filed Under Tax Tips |

Details here:

It’s not really a tax credit since you have to pay it back over 15 years ($500/yr) but a $7500 interest-free loan for 15 years is not a bad deal at all. This is for folks who buy their first home (as a primary residence) on or after April 9, 2008 and before July 1, 2009. You should make less than $75k for single ($150k for married couples) to be eligible.

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    • Comments

    One Response to “$7500 tax credit interest-free loan for new homeowners having single income less than $75k”

    1. Deanna Wall on February 7th, 2009 12:26 pm

      How do I apply for this loan? I bought a new double-wide home in June of 2008. I would like to take advantage of this what do i have to do?

      Thanks,
      Deanna Wall

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