First time buyer, 8,000 tax credit, Advice?

[Steffen Kightlinger]

Hello everyone, im kind of walking blind here, and hoping to get some good advice from you all!


I live in Yakima, Wa and pay around 675 for rent, where i live you can get a decent house for around 100,000 grand ( Starter home )

Im just finding out about this tax credit, and wondering if this could almost be my ticket to get a small house and own my house at the age of 22.

My Questions to you guys,

How much of a down payment am i looking at for a house around 100k?

Being a first time buyer, do i receive any other type of benefits? (besides the assistants with a down payment etc )

someone was telling me i could get around 12,000 if i buy a house before dec 1? But doing a little research on my own, its 10% of the house's value, up to 8,000.

i was thinking of taking the 8,000$ and setting up a bank account and pay my payments through that account while making another nest egg to pay rent while i attend a trade school, anyhow im getting off subject here..


Is there anything you guys could point me out on what to read, do i take a class for first time buyers program ? i have around 1,000 cash on me, would 5 grand be enough for starting out?

Please ask me any questions that could help you help me go in the right path!

Thanks guys, and sorry if this has been posted before, i did a search and didnt find anything! :mrgreen: