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Homeowner Tax Home owner tax issues and rebates.

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Old 01-11-2009, 12:55 PM
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Join Date: Jan 2009
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Post I'm confused with this new tax credit

Recently I purchased a home. I am a first time home buyer. I received assistance from New Jersey Housing and Finance with my Downpayment/ Closing Cost. I don't know if I qualify to take the $7500 tax credit. I still have a mortgage, the assistance is forgiven after 7 years. Can I take the credit? Is this considered a MRB or not?
Thanks to anyone that can answer this question

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