The Homebuyer Tax Credit can save you up to …...$2,000 $2,000 $2,000 $1,854 IDAHO HOUSING HOME...
Transcript of The Homebuyer Tax Credit can save you up to …...$2,000 $2,000 $2,000 $1,854 IDAHO HOUSING HOME...
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An example of a homebuyer’s savings using the Homebuyer Tax Credit through year 15 on a $200,000, 30-year mortgage at a 4% interest rate:
CUMULATIVE TOTAL SAVINGS
$10,000
YEAR 1 YEAR 2
CURRENT YEAR SAVINGS
YEAR 3 YEAR 4
$15,000
$24,792
$1,854$2,000$2,000$2,000 IDAHO HOUSING HOME LOAN PRODUCTS
• Up to 35% of the total mortgage interest paid inadditional income tax credits each year.
• Can be used with Idaho Housing loan products.
• Owner occupancy is required to receivetax credit.
BENEFITS:• Income tax credit for thirty years.
• Exceptional customer service.
• Loan serviced in Idaho.
Use your Homebuyer Tax Credit with the Idaho Housing loan that best fits your needs.
• FHA, VA, Conventional, and RD loans.
• May be used for purchase or refinance.
• First-time homebuyer requirement may apply.
• Sales price limits may apply.
• Low, fixed-interest rate.
• Pair with down payment and closingcost assistance.
The Homebuyer Tax Credit can save you up to $2,000 per year as long as you own and live in your home.
Save up to
per year!
HOMEBUYER TAX CREDIT
Learn more today!
*Programs are subject to change at any time. Funds are limited, and certain restrictions apply.
$2,000