BallHomes.com Home Buyer Tax Credit Calculator

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. Incentive programs require that the taxpayer occupy the property as principal residence, and remain there for at least three years (longer in the MCC) to avoid recapture tax. 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.

Are you planning to close on a newly constructed home in Kentucky between the dates of November 7, 2009 and December 31, 2010 and use it as your principal residence for at least 2 years?

Do you currently own a home or have you owned one within the last 3 years?

What is the planned purchase price of your new home?

In what county do you intend to purchase your new home?

What size is your household?

What is your total household income?