I came across this information which is really helpful as you apply for the First Time Home Buyer Credit. It's a little wordy (isn't everything at the IRS?) but very accurate and I guess that's what counts when it comes to your taxes. Anyway, take a quick look as it may answer some of your questions about this important grant. I'm seeing lots of first-time buyers starting to zero in on this credit. Move-up buyers purchaing a new principal residence and qualifying for the $6,500 grant are taking advantage as well.
Who is the next person you know that would like $8,000 or $6,500 for their next home purchase?