Tax Credit not yet eligible before closing in Nebraska

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KLKN TV – You probably already know about the $8,000 dollar tax credit for first time home buyers, but could the deal be getting even sweeter?The Federal Housing Commission announced that tax credit can now go towards part of a down payment in some states…but how will this affect Nebraska?

The bad news, right now, Nebraska isn’t included in the list of states that can use the credit towards a down payment. The good news though, one local realtor said there’s a big push in Washington to add Nebraska to that list.

Back in February President Barack Obama signed an incentive in the form of an $8,000 tax credit for first time home buyers. Just a couple days ago the Federal Housing Administration announced some home buyers could use the tax credit as a down payment.

The problem with that not all states can take advantage of this offer.  “They would approve it so you could get a second soft mortgage up front so you could use that $8,000 towards your down payment.  Nebraska is not currently included in that many states are there’s a big push in Washington to get it approved right here and well have to see if it’s going to,” Rob Predmore with Woods Bros Realty said.

Read the rest of the story from KLKN TV here.

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