OHFC Creates New Program to Help First Time Home Buyers

Staff Report
NewsWest 9

ODESSA - Home buyers have a little extra incentive to buy thanks to new program offered through the Odessa Housing Finance Corporation (OHFC).

The mortgage credit certification allows first time home buyers a 35 percent income tax credit for the interest paid on their loan.

That can be up to 160 dollars a month savings or up to $2,000 extra on your tax return.

And if you are interested you better hurry, the credit is only available until the 14 million dollars in funds runs out.

You have to apply for the program but it is not limited to low income.

This credit is separate from the recovery act tax credit that ends April 30th. That credit allows first time home owners up to $8,000 in tax credit.

For more information or to see if you qualify, click here.