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Old 08-05-2008, 03:27 PM
 
122 posts, read 302,346 times
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Quote:
Originally Posted by Go Blue 99 View Post
Keep in mind you'll only get $7500 if you're buying a $750k house. Most first-time home buyers will be getting much less than that.
Quote:
Originally Posted by ocnymonty View Post
That's right. It is a credit for a percentage of the purchase price. Our house was $320K and we'll receive about $3200.

I'll take it!
Actually its for the lesser of 10% of the purchase price or $7,500.
You would get $7,500 for a $320K house (assuming you file together)
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Old 08-05-2008, 07:25 PM
 
10 posts, read 39,616 times
Reputation: 14
Right so if you bought a 150K house you would still get 7500.
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