Snag Hidden Perks Every First-Time Homebuyer Dreams Of

Tax Credits and Deductions

First-time homebuyers can also take advantage of various tax benefits. The Mortgage Interest Deduction allows homeowners to deduct interest paid on their mortgage from their taxable income, potentially saving a significant amount on taxes each year³. Additionally, some states offer specific tax credits for first-time buyers, further reducing the financial burden of purchasing a home.