Hello. I have never owned a home before (I am a renter for years). My current income (single) is less than $75k. I am looking to purchase a home in Florida. The price will be around $150-$200k. I plan on paying for the home with cash in full (from personal savings over twenty plus years). There will be NO MORTGAGE on this property. The entire purchase price will be paid off in full with cash. Will I still qualify for the $8,000 tax credit even though I am paying cash for the home? Please advide me. Also, if there are any IRS links, or other credible, links with more info please refer me. I will greatly appreciate your help. Thank you, and have a wonderful day.