The $8,000.00 tax credit is soon to run out of time. The deadline is November 30th. You have to close by November 30th. Some of the things people are confused about are that it is a first time buyer incentive. You can not have bought a home in the last 3 years. Also it is sometimes possible to use the $8,000.00 toward your down payment. Please do not let this free $8,000.00 slip away. Please let me know if I can answer anyother questions, I can give you the contact information of a mortgage company to see how much you qualify for and if you can use the $8,000.00 toward your down payment,