First-Time Homebuyer

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First-Time Homebuyer

A person or couple who buys a primary residence for the first time. Buying a home usually requires a large down payment; for this reason, first-time home buyers are permitted to make a withdrawal from an IRA without penalty provided it is used to help purchase the home. Additionally, first-time home buyers are eligible for a substantial tax credit.
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Additional highlights from the First-Time Home Buyer Pulse are available at http://mediaroom.
The network scored highest in Repeat Home Buyer, First-Time Home Buyer, and First-Time Home Seller categories.
More than three-quarters (77 percent) of potential first-time home buyers say they are more likely to buy a home in the next six months because of the $8,000 first-time home buyer tax credit offered in the American Recovery and Reinvestment Act of 2009.
But if a first-time home buyer has a good FICO score it's a lot easier to get into a first-time home buyer program,'' he said.
Congress enacted the First-Time Home Buyer Credit in 2008 to strengthen the real estate market and help the economy.
But the $8,000 First-Time home buyer tax credit is dollar for dollar.
The first-time home buyer requirement is still part of TSAHC's Mortgage Credit Certificate Program (MCC) which provides home buyers with an annual federal tax credit of up to $2,000 a year and is based on mortgage interest paid annually.
1 -- 2 -- color) First-time home buyer Melissa Picquet, at left in photograph above with real estate agent Rebecca Mendoza, is willing to put up with a commute to Charles R.
First-time home buyer Michael Sandoval was in the process of purchasing a home in Gilroy, Calif.
Senate to swiftly adopt the Dodd-Lieberman-Isakson amendment, which would extend and amplify the hugely successful first-time home buyer tax credit until June 30, 2010.
A national first-time home buyer tax credit would stimulate buyer demand for households who do not have a home to sell, who are waiting on the sidelines until prices stabilize and who now face greater housing affordability than a year ago.
Brady said the temporary, first-time home buyer tax, which expires on July 1, 2009, will provide prospective buyers a major financial incentive to get off the fence and jump back into the market.