State First Time Home Buyer Tax Credit for 2014

The first time home buyer tax credit was a program that was available for homes purchased as your primary residence between April 2008 and May 2010. Under that federal program, first time home buyers got a tax credit equal to 10 percent of the purchase price of their home, up to a max of $8,000.

That federal program was allowed to expire, so there is no federal first time home buyer tax credit available as of 2014. Fortunately, there are state-based first time home buyer programs that can help fill that void.

These programs and tax credits vary from one location to another, but the definition of a first-time home buyer is the same everywhere. If you have never owned a home, or haven’t owned a home in the last 3 years, you qualify as a first-time home buyer.

The programs listed below are statewide programs for the 50 states. These are subject to change, and there may be more programs available at the state, county and city level. Using the HUD web portal to research state information is a great way to ensure the programs you’re researching are legitimate.

No matter where you live, you can always call us for confidential, one-on-one housing counseling. We can help you figure out what programs you are eligible for and make sure you complete the application process correctly. We have HUD-approved housing counselors standing by.

Our Pre-Purchase Coaching and Home Buyer Education will help you become a successful homeowner.Our Pre-Purchase Coaching and Home Buyer Education will help you become a successful homeowner.

About The Author

Melinda Opperman is an exceptional educator who lives and breathes the creation and implementation of innovative ways to motivate and educate community members and students about financial literacy. Melinda joined credit.org in 2003 and has over two decades of experience in the industry.