Frequently Asked Questions

Yes, you can qualify. Homeowners who want to buy another home to use it as their principal residence do not have to sell their home to qualify for the homebuyer tax credit. If they meet all of the requirements for the credit, the law does not require them to sell or otherwise dispose of their current principal residence to qualify for a credit of up to $6,500.They must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. Additionally, they must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased more...

Yes, you qualify if you lived in the home for the five consecutive years prior to selling it and you and the transaction qualify for the credit. more...

Yes. Whatever priced home you buy (up to $800,000) qualifies for the $6500 credit if you qualify and the transaction qualifies. more...

You may buy a property priced up to $800,000. more...

Single or married taxpayers filing separtely may have an income up to $125,000. Married couples may have income up to $225,000. more...

Yes if you meet the eligibility guidlines. A first time buyer must not have had any interest in a residence for the past three years. A current owner must have lived in their home for five years of the past 8 years. There are also income and price guidlines. more...

CMA stands for Comparitive Market Analysis more...

This was a special reapprasial of property ordered by the County Mayor and County Commission. more...

Yes, Your mortgage payment could be lowered if you can take the PMI off your loan. more...

Interest rate is the percentage rate that a lender applies to your mortgage balance to determine the amount of interest due. APR is that plus all the fees. more...

Generally speaking, only livable space. more...