The Bains

(1) When a homeowning parent of an adult child co-signs for a mortgage & both names appear on the note, the first-time homebuyer can qualify for the $8,000 credit, but the parent doesn’t qualify
for any portion of the credit. (2) if the child hasn’t owned a home during the 3 years preceding the
current purchase & can qualify based on income, he or she can get the entire credit. (3) When
unmarried individuals co-purchase a home & only one is eligible for the credit, the full $8,000 can be
allocated to the eligible buyer.
Have a blessed Christmas & a wonderful holiday from The Bains