| Q - Does the credit have to be paid back to the government? A - NO, as long as you remain in the home for 3 years. Q - Who is eligible to claim the $8,000 tax credit? A - A "first-time homebuyer" has not owned a principal residence during the three-year period prior to the purchase. If you are married, neither has owned a home in the past three years. Q - What types of homes will qualify for the tax credit? A - ANY Welcome Home Center home used as your primary residence (singlewide, sectional or modular home) will qualify. | | Q - Does the credit have to be paid back to the government? A - NO, as long as you remain in the home for 3 years. Q - Who is eligible to claim the $6,500 tax credit? A - ALL qualified Welcome Home Center buyers. Q - What is the definition of an existing qualified homeowner? A - The law defines an existing homeowner as someone who has owned a home for at lease five consecutive of the prior eight years. You do not have to purchase a home that is more expensive to qualify for the tax credit. |
