Information For First Time Home Buyers
First-time homebuyers who purchase a primary residence on or after April 9, 2008 and before April 30, 2010 are eligible. If you (and your spouse, if married) have not owned a primary residence for a 3-year period before your purchase, and you have never taken advantage of the DC firsttime homebuyer credit, you qualify as a first-time
homebuyer.
Starting November 7, 2009, buyers who have lived in their primary residence for five of the last eight years can also qualify for a tax credit. The credit for repeat buyers also expires April 30, 2010.*
* Current law allows potential buyers who enter into a written binding contract by April 30, 2010 to close by June 30, 2010
and still claim the credit
This link will allow you to download the actual NAR pamphlet. Click HERE
