Local News

The federal tax credit for first time home-buyers expires December 1, 2009.  The program allows for a tax credit of 10% of the purchase price of a home up to $80,000 for a maximum benefit of $8000.  The credit is not required to be repaid UNLESS the home is resold within 36 months.  The program is available to any qualifying citizen or resident alien who as not owned a home as a primary residence in the last three years.  Individuals with a modified adjusted gross income of up to $75,000 per year qualify for the full credit.  Couples can qualify for the full credit with an adjusted income of up to $150,000.  Visit www.MyFirstTexasHome.com for more details.  Inventory is up!  Prices are not rising!  Now is a GREAT time to buy!