Sioux Falls Real Estate Blog

There's been a lot of excitement lately (and a lot of confusion, too, unfortunately) about the new Federal Tax Credit available for First Time Home Buyers. A quick summary of how the Credit works: The tax credit is available for first-time home buyers only. The maximum credit amount is $7,500. Single tapayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify. The tax credit works like an interest-free loan, and must be re-paid over a 15 year period.

The best web-site we've found with a full program explanation and all the details (written in easy-to-understand language) was developed as a project by the National Association of Home Builders: You can get all the details at FederalHousingTaxCredit.com.

For more articles and information about buying your first home, visit GregKneip.com. While you're there, find out how you can take advantage of our Free Moving Truck for your move!

Pam Kneip, Realtor --HJN Team Real Estate -- 101 W. 69th St. #101 -- Sioux Falls, SD 57108 -- 605.728.9299 -- pam@gregkneip.com