Housing Bill: New Help for First Time Home Buyers

4 thoughts on “Housing Bill: New Help for First Time Home Buyers”

  1. This tax credit is fine after you buy the house but you have to buy the house first and that requires at least 3.5 % down not to mention closing cost, 2 months worth of mortgage payment reserved, appraisal, home inspection, etc, .You have to have at least close to $14K just to be approved for a $200K house. This is especially hard to do during times of recession and by the time recession ends the prices of houses on average will have started to be more expensive in the mid or at least in the $300K range and that requires even more money.

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