Tri-County, MA Real Estate Blog

Yes you can use your 8K tax credit towards the downpayment or closing costs. If you live in Massachusetts, that is.

Dear First Time Homebuyers:

Massachusetts is offering through MassHousing a loan program that will allow you to use your 8K First Time Homebuyer Tax Credit towards your down payment or closing costs!  This Homebuyer Tax Credit Loan Program can be obtained by contacting a MassHousing lender and meeting eligibility certain requirements which can be found in greater detail on the MassHousing website.

Of course you only have until April 30th of this year to be under agreement on a home and you need to close on that home by June 30th in order to qualify for the 8K tax credit.

This is a loan program so the tax credit you receive from the federal government would need to be used to pay the MassHousing loan.  There is no interest on this loan if paid by June 1, 2011!

So if you think that homeownership might be right for you but are worried about having enough for your down payments or closing costs this MassHousing Homebuyer Tax Credit Loan Program might just be your answer.

If you are interested in more information or would like to discuss your options to see if homeownership may be right for you at this time then give me a call, send me an email, friend me on Facebook, send me a text message.   I'll even return messages by carrier pigeon!

Best,

Erin

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Erin Golding

REALTOR

Realty Executives Tri-County, Inc

116 Mechanic St Suite 7

Bellingham, MA 02019

781-571-9039

eringolding@realtyexecutives.com

www.eringolding.listingbook.com

 

0 commentsErin Golding • January 15 2010 10:53AM