The 2008 $7500, repayable credit is increased to $8000 and the repayment feature is eliminated for 2009 purchasers.  Any home that is purchased for $80,000 or more qualifies for the full $8000 amount.  If the house costs less than $80,000, the credit will be 10% of the cost.  Thus, if an individual purchased a home for $75,000, the credit would be $7500.  It is available for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.*  

Visit my website at www.atlantarebaterealestate.com for all the details of the $8,000 First Time Home Buyer Tax Credit in the Metro Atlanta Real Estate market.  In addition to the First Time Home Buyer Tax Credit, there is a program with the Department of Housing and Urban Development that allows the purchase of a home with only a $100 Down Payment in the Metro Atlanta Real Estate market.  Visit my website to search for homes from the Department of Housing and Urban Development (HUD) at http://www.atlantarebaterealestate.comor email me at rebaterealestate@yahoo.com with any questions.  I also work on a Full Service volume model which allows me to offer a REBATE of my commission up to 50% or more depending on the price of the home you purchase with me as your REALTOR.  As always I am available by phone at (770)  530 - 9114 to answer questions and/or get you started buying your home in the 28 county Metro Atlanta Real Estate market.   

*Source:  National Association of REALTORS® Government Affairs Update First-Time HomeBuyer Tax Credit