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Its content is produced independently of USA TODAY. 4610 CONNECT TWEET 557 LINKEDIN 15 COMMENTEMAILMORE The First Home - New Home scheme commenced from 1 January 2012 and provides eligible purchasers with exemptions from transfer duty on new homes valued up to $550,000 and concessions for new homes valued between $550,000 and $650,000. This credit reduces your tax bill or increases your refund depending on the tax you owe. Learn more and apply through any of our participating lenders for a My First Texas Home 30-year fixed annual percentage rate mortgage loan, and down payment and closing cost

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