Here is an interesting program. I will admit I was not aware of it until I read it. It only goes to show that there are many programs that help first time home buyers with real estate purchases.
One would probably need to have other deductions and not fill out the short form but that is a tax issue which is best left to the preparer. It may help get one to a point of filing deductions which may have other tax benefits.
The point is that with down payment assistance programs, work force hosing benefits and tax programs like this one it may make it more affordable for lower income and first time home buyers to obtain housing.
In addition while mortgage rates are forecasted to rise sometime this year, they are still and will be at historical lows. Call me if you or someone you know needs help.