The California New Home Tax Credit Program lets California taxpayers earn a tax credit for buying a new house in California in 2010.
Housing Tax Credits
The New Jersey state legislature hopes that a new home buyer’s tax credit will boost the lagging housing market. The new bill would give new home buyers a tax credit of up to $15,000 spread over three years.
The popular and successful $8000 tax credit for first time home buyers has been extended into 2010 and to non first time home buyers – to those home owners who have already owned a home in the past 3 years.
The Tennessee Housing Development Agency offers the THDA Stimulus Second Mortgage Loan Program to allow first time home buyers to borrow against the $8000 federal home purchase tax credit.
First time home buyers in Texas can use the Texas Mortgage Advantage Program and 90-Day Down Payment Assistance Program for a short term loan in advance of getting the $8000 federal tax credit for buying a first home. Both programs summarized here.
Virginia First Time Home Buyers Can use the Home Buyer Tax Credit Plus Program for down payment assistance and closing costs in advance of receiving their federal $8000 tax credit for buying their first home.
Nebraska Investment Finance Authority offers the Advance Buyer Credit Loan Program to allow first time home buyers take advantage of their $8000 federal IRS tax credit for buying their first home through an NIFA approved mortgage lender.
Kentucky has First Home Advantage Mortgage which is a Short Term Tax Credit second mortgage to help first time home buyers come up with down payment and closing cost money.