Homebuyer Tax Credit

All Veteran home buyers are eligible to apply for the Florida Home Buyer Tax Credit, which will give you a dollar-for-dollar reduction of your tax liability at the end of the year. We see an average of over $100/month off our Veteran’s mortgage interest through the tax credit. This is a way to save substantially on your Florida VA Loan.

The discount is not a monthly reduction of your mortgage interest, but a tax credit that you claim each year when you file your taxes.

I want the tax credit, how do I qualify?

Qualifying is easy, there’s just one simple form to fill out, then we will handle the rest of the paperwork. Here are some details on how you can qualify:

• 620 minimum credit score
• Primary residence only
• Must fall under county income levels – call us for current limits!
• You can claim the tax credit for every year you live in the home for the life of the loan
• Credit can be rolled forward and claimed up to 3 years
• Non-veteran first time home buyers also can qualify
• $450 additional fees for this program
• Must take state-approved home buyer education class