M
Mclaren06
Guest
...parents? My fiance and I are buying a house from my fiances parents. I know the IRS has a rule that a person cannot get the tax credit if you are closely related to the person you are buying from.
The problem is, I am unable to qualify for the loan without his income, and my mortgage broker is saying that I will remain ineligible for the credit just because his name will be on the deed. I wanted to know if anyone knows if that is true? I looked on IRS.gov, and I cannot get the correct answer. I am stressing about this and I just would like an opinion.
More than likely I will go to the IRS to get the answer for sure, but any input would be helpful
The problem is, I am unable to qualify for the loan without his income, and my mortgage broker is saying that I will remain ineligible for the credit just because his name will be on the deed. I wanted to know if anyone knows if that is true? I looked on IRS.gov, and I cannot get the correct answer. I am stressing about this and I just would like an opinion.
More than likely I will go to the IRS to get the answer for sure, but any input would be helpful