Fed Credit (FC) * first time buyer only

FC is now $8000 (was $7500 before)

FC is 10% of the pruchase price BUT
up to $8,000 max.

FC applies to all (first time buyer) home transations.
NOT limited to NEW built house only.
>> Consult your CPA for detail

Hint :
For example :
30 yr fix .. 4.80 %
15 yr fix .. 4.65 %

Get 30 yr/fix because of the narrow spread,
also ,
you can pay MORE every month if you want
to shorten the period later.