I didn't want to dip into my retirement account for a down payment, and the tax credit let me buy a three-family house without emptying my retirement.
I closed on the house in May, and it is in a neighborhood that's not quite as nice as where I was living, but it's getting better.
I took the second floor one-bedroom apartment and rented out the top floor one-bedroom apartment and the ground floor two-bedroom. The rent will help pay off most of my mortgage, which is an FHA loan.
I have very low monthly housing bills now, but I couldn't have afforded the house I wanted without the tax credit. And I got the check about seven weeks after I filed my amended tax return.