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Congress Enacts Bigger and Better
Home Buyer Tax Credit

A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.

Click here for more information

UPDATE!

Legislature approves loan program
to give home-buyer credit early

First-time home buyers would get their $8,000 tax credit as a state loan at closing, under a measure the state Legislature has approved.

(Note:  If you have not owned a home in the past 3 years,
you are considered a first-time home buyer.)

The new budget amendment would set up a "Tax Credit Advance Loan Program" to give buyers the money as a loan at closing, meaning they could use the money for down payment, then pay it back when they receive their tax refund.  Officials plan to finalize implementation details of the plan after Gov. Gregoire approves the budget.
Seattle Post-Intelligencer, 04/29/2009

    

                 

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 Serving Washington State
SINCE 1980

Draeger Real Estate Company
12911 SE Kent-Kangley Road
Kent WA  98030
Phone: (253) 630-1800
Fax: (253) 630-5460
Email: Draeger@DraegerNet.com