The Federal Tax Credits Blog

Posts Tagged ‘tax credit loan repayment’

Question: can i qualify for $8000 tax credit if my parent is primary borrower but i am on sales contract and loan?

i am going to grad school so my income will not qualify me. this is first time home purchase and i will live there for at least 4 years. my mom can qualify for the loan and put me on as a purchaser on the sales contract. i would also be on the loan if necessary. Can i qualify for the tax credit under these conditions? thank you.

Answer: Probably not – sounds like your mom is really buying the house, not you.

BofA NY headquarters loan in unique CMBS, muni deal

A debt package tied to a New York office tower will be the first of its kind to tap property securitization and public finance markets together, sources close to the deal said on Monday.

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Tax Credit for First Time Home Buyer Loans, FHA and Government Mortgage Incentive Program