First time home buyer credit

[HBurkholder]

Does a mobile on a rented lot qualify for the first time home buyer credit? For purchase purposes a mobile on a rented lot does not disqualify for first time financing, so I am thinking that a mobile on a rented lot is not considered a home for purposes of thee credit.

[Burke]

This subject has been addressed numerous times on this board. Yes, it qualifies.

[S T]

More Info

Here is a link of frequently asked questions http://www.federalhousingtaxcredit.com/faq.php and http://www.federalhousingtaxcredit.com/2009/faq.php one pre 2009 and the other 2009.

I would say mobile home would qualify and depending on your state regulations, the mobile home should be on the personal property tax rolls rather than any DMV licensing tax rolls.

Sandy

[Larmil]

Here is a link of frequently asked questions http://www.federalhousingtaxcredit.com/faq.php and http://www.federalhousingtaxcredit.com/2009/faq.php one pre 2009 and the other 2009.

I would say mobile home would qualify and depending on your state regulations, the mobile home should be on the personal property tax rolls rather than any DMV licensing tax rolls.

Sandy

I don't the the state regs matter. Even a houseboat would qualify. I may be wrong, but I think the key is 'principal residence'.

[Burke]

I don't the the state regs matter. Even a houseboat would qualify. I may be wrong, but I think the key is 'principal residence'.

You're right.