IRS Form 5405-The 8k First-Time Buyer Tax Credit
First Time Buyers
June 10th, 2009
For your convenience we have placed a link to IRS tax form 5405 “First-Time Homebuyer Credit” in the links section at the left margin of www.FirstShasta.com. First Time Buyers can use this form to claim the $8,000 First-Time Homebuyer tax Credit. There is still time to take advantage of this unprecedented opportunity but you must close escrow prior to Dec. 1, 2009 so no time to mess around. Now you can use the $8,000 First-Time Homebuyer Credit towards down payment and unlike last years incentive there is no repay to the IRS required.
Interest rates are still low but there is some upward pressure so our recommendation is start shopping now. It’s taking lenders quite a bit longer to close escrows and many are closing late. Wouldn’t it be terrible to close on Dec 2 and lose 8 grand? Don’t let it happen to you. Call us today and we will be happy to help you get started on your way towards home ownership.
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