Time is Runing out on $8000 Tax Credit

10% of purchase price up to $80K for max of $8K tax credit. Income cut-off Modified Adjusted Gross Income for single is $75K and couples of annual MAGI less than $150K. Credit doesn’t have to be repaid unless house is resold in 36 mons. even if loan is financed with mortgage revenue bonds. Any resident alien or citizen who has not owne a home in last 3 yrs qualifies.
1)Texas Dept of Housing & Community Affairs has two short term loan programs to be repaid with federal tax credit.
2)Mortgage Assistance Program 5% of 1st lien amount up to $6K, interest free for 120 days.
3) Down Payment Assistants Program has a loan of 5% up to $7K 90 days interest free.
see El Paso Homes for Sale
MyFirstTexasHome.com