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Any good programs that offer the 8,000 first time home buyers program in florida?

May 5th, 2010 by admin
home buyers
I am purchasing a new home and I am looking for a program that offers the tax credit repayment program in florida for the first time home buyers. Does someone knows about this.
I know all about the forms and how to get the tax credit after purchasing the home but. I now that their should be a program that gives advance the money to use it for the down payment etc.

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4 Responses to “Any good programs that offer the 8,000 first time home buyers program in florida?”

  1. 1tro

    the $8000 first time home buyer is a tax credit with the IRS
    you will need to file a form 5405 with your 1040 return and the house must be your residence, must be purchased prior to Dec. 31, 2009 and the $8000 is merely a loan, it will be repaid within 15 yrs to IRS

    Comment on May 7th, 2010 at 5:44 pm  
  2. 2chatsplas

    It’s a tax credit.
    You buy a home and you file a tax return or amended tax return and get the money from the government. You still need a down payment. No more 0% down loans–which are a horrible idea, anyway. There are only 10 states where you can get a bridge loan and use this money at closing, but you still need the down payment.
    form 5405 first time home buyers credit

    Comment on May 8th, 2010 at 2:08 am  
  3. 3Pengy

    There is no program for advance payment that was nixed month ago in Congress the feeling being that the purchaser should have some investment in the property to help prevent foreclosures or walk aways

    Comment on May 8th, 2010 at 9:46 pm  
  4. 4reenzz

    Only a hand-full of states and lenders participate in the “bridge loan” advancement of the first time tax credit. I don’t believe Florida is one of them. Check with your local lenders.

    EDIT: Yes there is such a program…BUT not all states have agreed to this and very few lenders are offering it.

    Comment on May 10th, 2010 at 3:30 pm  
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