$8000 tax credit

[Anonymous]

Can anyone tell me if i qualify for the 8,000 tax credit for first-time home buyers? My husband and i did our construction closing already on our home. We were told we would not have another closing but that our loan would be modified from a construction loan to a mortgage once the home is done. Since we have closed with the bank and title company on this loan does that automatically qualify us for the 8K?

[ShanetheMortgageMan]

Hmmm, I am reading you may have to occupy the home instead of just buying it, when do you plan on moving in?

Message Edited by ShanetheMortgageMan on 10-02-2009 07:23 AM

[Anonymous]

Yeah, you must settle the home by December 1st so that means you should be moving your stuff in and the mortgage should be in place.

[Anonymous]

Shane is correct. New home construction, you can claim the credit when you are actually occupying the the home. Same deadline, Dec. 1st.

[Anonymous]

...dont you guys mean nov 30th? ...did something change?

[rockymtngrl]

Its Nov 30.