xpost:NWR: First time homebuyers credit

Also, make sure you research the financial institution that you may use if you are buying a house and qualify for the credit.

One of my colleagues used a credit union for their financing and therefore they did not qualify for the credit.

Plus, they just revised the credit for anyone who is a current homeowner. If you lived in your current primary residence for 5 of 8 consecutive years from date of new purchase and the new purchase is your new primary, then you qualify for the credit. Prior to this change if you owned a primary home, you did not qualify.

OMG THANKS FOR THIS LINK !!!!!!

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Posted by Neeks

Ive been seeing alot of down payment assistance programs also but cant find the money anywhere of course lol

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wat do you mean?

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Posted by luvly73

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Posted by Neeks

Ive been seeing alot of down payment assistance programs also but cant find the money anywhere of course lol

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wat do you mean?

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There are a bunch of government funded programs that give you a grants as the downpayment towards you home ,if you are a first time homebuyer. Ive done alot of research and found a few of them but i feel like they make it sooo difficult for you to find out how exactly to apply and get the funds.