Yes, you read correctly. If you are a first time home buyer and that means never having owned a home or not having owned a home in the past 3 years.
Here is a simple example. Let's say you find a deal on a home and purchase it for $80,000. You now can get a 10% tax credit on that home, meaning it's like buying the home for $72,000 with the savings.
If you are hesitating, don't! This is only good until the end of 2009. Let me repeat that. This tax credit is only good UNTIL THE END OF 2009!! Don't wait and lose out on a super savings.
Call me or email me. There are so many great deals out there, but they are really going fast.