Homes funded by one of our special First-time Homebuyer loan programs (30-year Fixed Rate Mortgage, FHA Plus) may be subject to a Federal Recapture Tax.
This tax only affects buyers who have had rapid and significant increases in income and who sell or transfer their home within nine years of the purchase date.
Recapture Income Limits are significantly higher in Federal Targeted Areas. Use the Federal Targeted Area Search Tool to determine Federal Targeted Area status for the location of a particular property. You will only be allowed to specify Federal Targeted status below if the selected city/county has eligible areas.