FIRST-TIME HOMEBUYER ~ Tax Credit Fact Sheet

American Recovery and Reinvestment Act of 2009:  House Must Close by November 31st to Receive Tax Credit
WHO IS ELIGIBLE?

The $8000 tax credit is available for first-time homebuyers only.
The law defines a first-time homebuyer as a buyer who has not owned a home during the past three years.
All U.S. citizens who file taxes [...]

New First-Time Buyer Bridge Loans

If you are a first time home buyer, you are probably aware of the First Time Home Buyer Tax Credit. Essentially, you may qualify for a tax credit of up to $8,000 (10% of the home’s purchase price) if you are a first time home-buyer (or have not owned a principal residence in the last [...]

First Time Home Buyers Workshop

The Homeownership Resource Center and rehava teamed up to present a Home Ownership Workshop at the College of Charleston Carter Center for Real Etate.  This video features one of our clients inetrviewing on the local TV station ABC News 4.

HUD Clarifies Tax Credits

The U.S. Department of Housing and Urban Development has clarified how tax credits under recently passed legislation can be monetized in home purchase transactions.
HUD Secretary Shaun Donovan today told a group of directors for the National Association of Home Builders that the $8,000 first-time homebuyer tax credit created under H.R. 1, the American Recovery and [...]

ABC News 4: First Time Home Buyers Workshop

Charleston, SC – The crumbled housing market is a crisis for some but an opportunity for others.
”I’ve been looking at buying a home now because the market is so good,” said Erin Barry who is currently renting.
Barry attended a first-time homebuyer’s workshop. She’s one of many prospective buyers looking to take advantage of the sour [...]