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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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However, first-time homebuyers should keep it in mind that there are plenty of details involved in the purchase of a home in Miami real estate.
ATLANTA, March 30 /PRNewswire/ -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will make available up to $11 million as part of its 2010 First-time Homebuyer Program (FHP), which helps spur home sales and supports the housing market.
It was the lowest reading since June last year as buyers took a breather from a first-time homebuyer tax credit provided by the government.
 
 
 
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