Housing Tax Credits

www.federalhousingtaxcredit.com provides information about the housing tax credits. The website provides basic information about the firt-time and repeat buyer credits, detailed question and answer sections, and links to additional home-buying resources.

The new tax credits, combined with today's near-record-low interest rates and competitive home prices, make it an ideal time to buy.

SONYMA will also offer monetization of the $8,000 Federal First-Time Home Buyer Tax Credit shorty. It will be in the form of a tax credit advance loan to be combined with a SONYMA loan.