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I came across a great website over the weekend www.federalhousingtaxcredit.com. This website is sponsored by the National Association of Home Buyers. Below is the information on the extended home buyer tax credits.

,000 First-time Home Buyer Tax Credit

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Question by MightyMouse111: Can i qualify for a first time home buyer loan?
My brother owns a home that is worth about $ 400K. He has moved to another country on business and i would like to purchase 1/2 the home from him. Can i qualify for any first time home owner loan if im purchasing a home with someone?

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Question by misskh2000: How does the first time home buyer tax credit work?
My fiance and I bought a house this year so we qualify for the first time home buyer tax credit. I’m just wondering how this works exactly. We are suppose to get a certain amount back according to what we paid for our house. My question is, do taxes get deducted from the tax credit we’d be getting back for the house?

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If you are one of the many individuals who would like to secure a house for themselves and for their families, then you should seek assistance from first time house buyer programs. For first time home buyers like yourself, it is comprehensible that there might be difficulties in purchasing your own house due to limited funds. However, this doesn’t mean you are completely unable to purchase your own. As a matter of fact, there are home buyer programs that offer the lowest mortgage rates today as well as down payment assistance so the first time buyer can be readily approved.

Having your own house is a great investment since you can have your child succeed the property after you. You don’t have to worry about writing monthly checks to pay for your rent. Instead of paying monthly rents, you can just pay your mortgage grants interest. Through many first time home buyer loans, you are able to subtract property taxes which will significantly help you save money through time compared to renting. The best part of it all is that you don’t have to worry about making home alterations because the house is owned by no one but you

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When purchasing a home for the first time, new home owners need a way to finance this large and life-changing purchase.  Because this may be the first time they are buying a home, first time home owners may not have enough savings in the bank and may be facing financial hardships for such a purchase.  FHA (Federal Housing Administration) loans allow first time home buyers a means to finance payment for their new home.  FHA loans are open to anyone who may need one, but generally are directed at those first time home buyers in order to assist them in purchasing a home while they may have limited savings.

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Question by Ryan: can a first time buyer with bad credit still get a home?
My credit is bad, no too much debt but no revolving credit. There are apts. and condos in my area for less then 80,000. My income take home income is 2,300 a month. Do you think there is anyway i could take advantage of the low prices without taking the time to fix my credit first? Im in California if that matters at all

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Question by dstahngogo: Is there a mortgage company that will pre-approve a first time home buyer with real bad credit in Texas?
I have a credit score of 415. The 3 bedroom house I want to get is only $ 44,000 and ready to move into.

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