Federal First-Time Home Buyers Tax Credit

Did you know that this tax credit was available for first-time home buyers in the Milwaukee area, too?

It's available for real estate purchases made between April 2008 and July 2009, so there is still time!

This is a $7,500 credit, so it could replace the downpayment & closing costs for a lot of homebuyers - think of it as a reimbursement. Or it could be used to make repairs and updates on that first home.

You don't even have to be a "true" first-time buyer. If you (and your spouse) haven't owned a home in the past three years, you still qualify!

This even counts with new construction - it just has to be your primary residence and the first home you have owned in the past three years.

For more information, check out this link:
http://www.federalhousingtaxcredit.com