First-time Homebuyers Archives - Federal Title & Escrow Company

DC First Time Homebuyer Program vs DC Lower Income Tax Abatement Program: What proof of income documents do I need to provide to the title company?

Written by Stephanie Dudley on 2021-02-10.

The District of Columbia offers several homebuying programs, including the popular DC Tax Abatement program and the DC First-time Homebuyer Recordation Tax Reduction program. We’ve noticed sometimes homebuyers get these two programs confused...

DC Tax Abatement Income, Purchase Price Thresholds Increase

Written by Federal Title on 2020-10-05.

Officially known as the Lower Income Homeowner Exemption Program, DC Tax Abatement delivers a large tax savings to first-time homebuyers who qualify.

DC First-Time Homebuyer Recordation Tax Reduction

Written by Ben Raffel on 2019-10-17.

Below Are The Updated (October 2019) Requirements To Qualify For A Recordation Tax Reduction: The purchase price can’t exceed $647,000. Total household income doesn’t exceed the below thresholds: Persons In Household Household...

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

Written by Federal Title on 2018-04-05.

What’s the Benefit? The Maryland First-Time Homebuyer Credit exempts the buyer from paying the State Transfer Tax. Qualifications* All homebuyers must be individuals (cannot be a trust or other entity) who have never owned in the state of...

What’s the status on B21-0417, aka The First-time Homebuyer Tax Benefit Amendment Act of 2015?

Written by Federal Title on 2016-04-11.

Legislation that would offer tax relief for District residents buying DC real estate is currently under committee review and awaiting scheduling for a mark-up, a spokeswoman for the Council's Committee on Finance and Revenue said. Known...

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Tag: First-time Homebuyers

DC First Time Homebuyer Program vs DC Lower Income Tax Abatement Program: What proof of income documents do I need to provide to the title company?

DC Tax Abatement Income, Purchase Price Thresholds Increase

DC First-Time Homebuyer Recordation Tax Reduction

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

What’s the status on B21-0417, aka The First-time Homebuyer Tax Benefit Amendment Act of 2015?

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Employee Spotlight: One-time aspiring cardiologist discovers her heart belongs to real estate and title, celebrates 20 years in the business

Federal Title continues expansion in Capital Region with opening of Potomac, Maryland location

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