Texas Housing Assistance is a facilitator of Federal, state, county, private and city assistance programs such as the American Dream Down Payment Act.

Congress Enacts Bigger and Better
Home Buyer Tax Credit

8,000 First-time Home Buyer Tax Credit at a Glance

• The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
• The tax credit does not have to be repaid.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• The tax credit applies only to homes priced at $800,000 or less.
• The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
• For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
• For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance

• To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
• The tax credit does not have to be repaid.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
• The tax credit applies only to homes priced at $800,000 or less.
• The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
• Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

Welcome to Texas Housing Assistance, we help homebuyers receive down payment assistance throughout Texas.

Texas Housing Assistance trains hundreds of Realtors and Mortgage Professionals how to access down payment and closing cost assistance programs in the Texas counties where you live.  We also work directly with credit specialists that can assist in credit advise and repair.

New Legislation passed by the US Congress now provides for up to $40,000 in down payment assistance on homes priced up to $417,000.  Not all assistance programs have income limitations and can be used to assist in your down payment and/or closing costs.

Texas Housing Assistance suggests that you complete a Homebuyer Application, Click here to fill out the simple form. It could be the most important five minutes of your life. For security purposes we do not require your social security number to apply and do not request a credit report.  To expedite your application please visit www.freecreditreport.com for a free credit report and credit score.  Please complete the Homebuyer Application so that you can purchase a new home with Federal Assistance.

Our service is FREE to you... You pay nothing to utilize our expertise!  No up front costs, no hidden fees of any kind!

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