One of the new items in the stimulus program is offering a $8,000 credit or up to 10% of the purchase price of the home, which ever of the two is less.
Here are the specs to see if you qualify:
- purchase is a primary residence
- must be first time buyer
- Purchased before December 1st
- Property can not be from an inheritance or family member
- As an individual, gross income is less than $95K, $170K if married and filling jointly
