


The 2009 First Time Homebuyer's Tax Credit is quite different from the one offered in 2008. One of the most important differences is that the 2009 tax credit does not have to be repaid.
FHA HECM loans are like other home equity loans--they let you cash in on part of the value a home has built up over the years. But the FHA reverse mortgage is unique because FHA borrowers don't make any payments.
Previous tax credits for first time home buyers had different terms than the 2009 First Time Home Buyer's Tax Credit. You do not have to repay the 2009 credit.

FEATURED SITES:
![]()
Helping you make the best financial choices, build wealth, and save money during and after your military service.
-- Military Insurance
-- Military Pay
-- GI Bill Education
-- Military Finance
![]()
Offering VA loan products that meet the home financing needs of active duty military and veterans across the country.
-- VA Loan Limits
-- VA Loan Refinance
-- VA Loan Guidelines
![]()
Remember, the FHA does not make home loans. They insure the FHA loans that we can assist you in getting. FHA.com is a privately owned website that provides information about FHA guaranteed home loans, and is not associated with the federal government or HUD / FHA.
FHA LOAN TYPES
-- FHA Refinance
-- FHA Home Loan
-- FHA Secure
-- FHA Reverse
-- FHA Loan (fixed rate)
SPECIAL FHA TOPICS
-- HOPE Act
-- FHA Tips
-- FHA Loan Prequalify
-- Other Loan Types
-- FHA Loan Questions