It's still a great time to buy a new home! Low interest rates and Kentucky State tax credit of up to $5000, combined with Mortgage Credit Certificates worth up to $2000 a year for qualified buyers, make homebuying an attractive option.
Click on the icon at left to try out our exclusive new Home Buyer Tax Credit Calculator, which walks you through a few basic questions and then shows you which ones you qualify for and how much you can save.
Even better, it can calculate the total savings available to homebuyers who qualify for the MCC, one of the most powerful money-saving tax credits available.
CLICK ON THE ICON AT LEFT TO ENTER OUR HOME BUYER TAX CREDIT CALCULATOR.
Here's the low-down on the two tax credit options available to today's qualified homebuyers.
Kentucky's $5000 State Tax Credit for New Homes
Mortgage Credit Certificates (MCC's) save up to $2000 per year
This calculator is intended to demonstrate how users may be eligible for certain tax incentive programs. All qualifying statements refer to guidelines for federal and state incentive programs only. Users should consult their tax advisers to determine how these credits may apply to their individual tax circumstances. KHC Compliance Income method of determining total household income is used for Mortgage Credit Certificates, so user should confirm income eligibility with lender. User is still subject to loan approval, including KHC loan approval for a Mortgage Credit Certificate, and certain loan requirements may affect eligibility. Mortgage Credit Certificates cannot be combined with certain types of loan programs that may be chosen by the buyer.