Save up to $2,000 a year on your federal taxes by taking advantage of the Homebuyer Tax Credit Program. If you qualify, you could receive a federal tax benefit of up to $167 per month. That’s real money to help with your mortgage payment!
Learn more about the Homebuyer Tax Credit or click here to see how the Homebuyer Tax Credit works over time.
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The Homebuyer Tax Credit (HTC) can decrease the income taxes you owe and boost your take-home pay, which helps you qualify for a mortgage and make your mortgage payments. The Homebuyer Tax Credit is not a one-time credit. It is an annual tax credit of up to $2,000 each year for the life of the original mortgage, as long as you live in the home. See the graph below, which illustrates how much potential cost-savings the HBTC has over the life of your mortgage loan.
For more information on these loan products, please visit the Homebuyer Tax Credit page.