Most individuals are very confused on this credit.  I have heard that some individuals believe they will be receiving a check for this ‘credit.’  Some individuals even believe that you can use this credit for any purchase of a home.  Both of the above are not true.
 

The following are the requirements for the credit:
 

1) Buyer must fit the federal standard of a first-time homebuyer.  They must not have purchased (more…)