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.
Arizona: The Arizona Department of Housing
Georgia: The Georgia Dream Homeownership Program
Indiana: The Indiana Housing Community Development Authority offers various programs.
Maryland: The Maryland Mortgage Program through the Maryland Department of Housing and Community Development helps eligible home buyers.
Massachusetts: The Massachusetts Executive Office of Housing and Economic Development administers First Time Home Buyer programs for the state.
Michigan: The Michigan State Housing Development Authority offers several programs.
Minnesota: The Minnesota Housing Finance Agency offers various programs.
Montana: The Montana Board of Housing offers various programs.
New Jersey: The New Jersey Housing and Mortgage Finance Agency has special offers for First-Time Home buyers.
New York: The State of New York Mortgage Agency offers Special programs for first time home buyers.
Oregon: Oregon Housing and Community Services offers resources.
Pennsylvania: The Pennsylvania Housing Finance Agency
South Carolina: The South Carolina State Housing Finance and Development Authority has a Mortgage Tax Credit Program.
Utah: The Utah Housing Corporation offers a home buyer programs.
Wisconsin: The Wisconsin Housing and Economic Development Authority offers Home Buying resources.
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.