Friday, December 19, 2014

Earn $75000 When You Buy a House!

Want to earn tax credits when you buy a house? These may be potentially worth $60-75,000 over the life of your mortgage, depending on income and other qualifications.

Both the Washington State Housing & Finance Commission (WSHFC) and the National Homebuyers’ Fund (NHF) offer down payment assistance programs. One of the options under these programs is the “Mortgage Credit Certificate”, allowing a qualified homebuyer (Typically, higher income homebuyers with few deductions or credits) to claim up to 20% of annual mortgage interest paid as a federal income tax credit.

Here is how it works:




Borrowers are subject to income limits, and under some conditions may be subject to recaptured tax when they sell the home.

Borrowers should always consult a tax expert to figure out if the program is right for them. To find out more, please message me privately at HomeLandInvestment@gmail.com

Happy Investing!

1 comment:

cheryl Taylor said...

Hi Wendy, I love this program~ We do have income limits from $65,000 to 97,000 to be in mind of when looking to use this program. It depends on the county, and the # in your family , and if you are buying in a targeted or non targeted area. I use this program as often as I can, and It can be complicated with paperwork so start early with the process!