Capital Mortgage [ First Time Homebuyer Tax Credit ] Des Moines mortgages, Iowa mortgages; local mortgage broker serving mortgage and refinance needs for homes in Iowa



Your Dream. Our Business.

Capital Mortgage
5500 Westown Parkway
Suite #140
West Des Moines, Iowa 50266
515-226-3383

NMLS# 2332

First-Time Homebuyer Tax Credit

GREAT NEWS!!!!

Tax Credit Provides Outstanding Opportunity for Home Buyers

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Below are a few of the major highlights.

Amount of Credit Ten percent of home value not to exceed $8000

Eligible Property Any single family used as primary residence

Refundable Yes, reduces income tax liability for year of purchase. Claimed on tax return for that year.

Income Limit Individuals: $75,000; Joint: $160,000; phases out

Above those caps

First Time Homebuyer Only Yes, purchaser and purchaser’s spouse may not have owned a principal residence the three previous years.

Effective Date Purchases on or after January 1, 2009 and before December 1, 2009

Call today for additional information…………

Capital Mortgage is an Iowa-based Mortgage firm located in Des Moines, Iowa. We offer home financing solutions to help you buy a new home, refinance, apply for a home equity line of credit (heloc), get a second mortgage, or even consolidate your debt to lower your overall monthly payment.