If there's one thing everybody loves it's saving money.  Getting free money from the government to help you purchase a new home is even better.  The American Recovery and Reinvestment Act of 2009 allows first time home buyers to claim a tax credit of up to $8000 when they buy a new home.  Take a few minutes to read this page on the Texas first time home buyer tax credit.

Click Here To Take Advantage Of The First Time Home Buyer Credit

There is one key date you need to keep in mind when talking about this tax credit.  And that date is November 30, 2009.  You need to close on your loan by this day to receive the credit.  To avoid any delays and disappointment, it is best to have your paperwork into your lender in early October.  This should allow you enough time to clear up any mistakes before the deadline.

Are you struggling to save money for your down payment or closing costs?  If so this tax credit may be the lifeline you've been looking for.  You can use that $8000 tax credit for your down payment and closing costs.  This will allow most people of modest incomes to get into a home they've been dreaming of.

You can use the first time home buyer tax credit even if you are not a "first timer." As long as you have not owned a home in the past three years you qualify as a first time home buyer.  This goes for both you and your spouse.  Both of you must not have owned a home in the last three years to qualify.

What kind of Texas home loans can you use this tax credit for?  You can use an FHA, HUD, Conventional, VA, or Texas Veterans loan.

What kind of home can you buy?  You can use the tax credit for any home that qualifies as a principal residence.  This includes condos and townhouses and manufactured homes.

If you are ready to take advantage of the Texas first time home buyer tax credit thing you need to start talking to a lender right now.  Cindy Elliott from United Lending can explain everything you need to know about this tax credit and get you a low rate on your mortgage.  But you must act quickly to take advantage of this program before the November 30 deadline.  Click the link below to talk to Cindy and start your application. It would be a shame to miss out on $8,000 in free money from the government because you put this off to the last minute...

Click Here To Take Advantage Of The First Time Home Buyer Credit