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TAX CREDIT FAQ #2
Q: Repeat homebuyer tax credit: How is the amount of the tax credit determined?
Q and A Graphic

A: The tax credit is equal to 10 percent of the homes purchase price, up to a maximum of $6,500. Homes priced above $800,000 are not eligible for the credit. See more FAQs .

TODAY'S MORTGAGE RATES
TAX CREDIT FAQ #1
Q: Repeat homebuyer tax credit: Must the new house cost more than the old house?
Q and A Graphic

A: No. For example, individuals moving from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6,500 credit. See more FAQs .


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Edina Realty - Real Estate, Mortgage and Title experts in Minnesota, Wisconsin, North and South Dakota.
Edina Realty is one of the nation's largest full-service real estate companies with REALTORS® serving the Midwest from Fargo, North Dakota, throughout the Twin Cities, Southern and Northern Minnesota and into Western Wisconsin. Our agents have been guiding home buyers and sellers through the home buying process since 1955 and today provide expertise in property buying and selling, title closing, mortgage loans, new home construction and relocation assistance. EdinaRealty.com offers easy-to-use property search tools with the ability to search home listings as well as properties in foreclosure, open houses and sold homes.