Q&A Search
Ask a Question
Print This Item Print Email This Item E-mail Contact Us Contact Bookmark This Item Bookmark Search
View all items in: General Information
Rating:  10.00 out of 10 (2 Ratings) |
Am I eligible for the $8,000 first-time homebuyer tax credit as outlined in the American Recovery and Reinvestment Act of 2009?

All CalHFA first mortgage loans and some subordinate loans are made with Tax Exempt Mortgage Revenue Bonds (MRBs), which may make our loans ineligible for the 2009 first-time homebuyer tax credit. However, there are many other factors that may or may not contribute to individual eligibility. We recommend you discuss this question with a tax professional for proper guidance.

The National Association of Home Builders maintains a database of frequently asked questions about the homebuyer tax credit, although CalHFA cannot vouch for its accuracy.  For more information, visit their web site: http://www.federalhousingtaxcredit.com/
KBID 441
Date Modified 6/19/2009
Date Created 3/19/2009
CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans. CalHFA purchases closed loans that meet CalHFA's requirements. The fees consumers pay could be different depending on the lender and the program.
Use Alerts to be notified when new information is added or changed in an individual answer or category of information you care about. All Alert notifications sent in a single email once each day.
Notify me if this answer is updated
Notify me if this category is updated