Bond Program For Home Buying -

Home Plus Arizona - Home Buyer Down Payment Assistance Program

: Borrowers may receive a federal income tax credit for a portion of the mortgage interest they pay annually, providing long-term tax relief . 3. Eligibility Requirements bond program for home buying

: State governments sell housing bonds to raise capital, which is then used to provide low-cost mortgages. Home Plus Arizona - Home Buyer Down Payment

To find a bond program in your area, you can use the HUD State Assistance Directory to locate your local . they have strict criteria.

: If you sell the home within a few years and have a significant gain in income, you might owe a federal "recapture tax".

Because these programs use limited public funds, they have strict criteria.