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You are here: Home / Boulder Real Estate Blog / Changes to First Time Home Buyer Tax Credit!

Changes to First Time Home Buyer Tax Credit!

February 13, 2009 by The Boulder Property Network

The first time home buyer tax credit was increased from $7500 to $8,000 AND the repayment feature was dropped if the buyer holds on to the property for at least 3 years.  This credit is only for first time buyers, defined as someone who hasn’t owned a home in the last 3 years.  The income limits remain the same as the earlier plan.

Combine this plan with low interest rates and soft prices and it truly is a perfect time for first time home buyers to take action.

 

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