• Home must be a principal residence
• Applies to homes closed between Jan. 1 and Nov. 30, 2009
• Credit does not need to be repaid unless the home ceases
to be the buyer's
principal residence within three years
• You can file for the tax credit as soon as you close!
So you can get a credit
as quickly as the IRS processes it
• Applies to all homebuyers who have not owned a home during
the past 3 years
- not just first time homebuyers