First Time Home Buyers - "Interest Free Loan"

As part of the Housing and Economic Recovery Act of 2008 first time home buyers may be eligible for an interest free loan from the government as part of a 2008 & 2009 tax credit.

If you are a first time home buyer and purchased your home on or after April 9, 2008, then you may qualify for the tax credit of up to $7,500. The basic idea is the government gives you a tax credit / refund and you take up to 15 years to pay it back.

There is no interest on the repayment. If you sell your home, the remaining amount you owe would have to be paid off at that time.

• Summary of key features
• Frequently asked questions

If you are looking for a home and have questions contact us. We work throughout the Columbus, Ohio and central Ohio area to help people locate and obtain the home they want.