The Federal Housing Tax Credit may have expired but there are still other options available for home buyers.
One of these options is called the Mortgage Credit Certificate program from the Washington State Housing Finance Commission. This program aimed at middle to upper-income prospective buyers offers a tax credit equal to 20 percent of the yearly interest paid or accrued on a mortgage. The credit remains applied through out the life of the loan.
There are some rules (you can't make over a certain amount of money) and possible drawbacks ($650 fee, must live in home and etc.) To see the whole list of benefits, regulations, and whether you qualify, please visit the Washington State Housing Finance Commission website.
And as always, we'd love to help you find the home of your dreams. Please call Karin Kay Properties at 360-479-7653 or send an email to officemanagerkkp@yahoo.com.
No comments:
Post a Comment