If I buy investment property for 14K will I still be entitled to the $15,000 tax credit for 2009 homebuyers

Would that be like getting property for free?
      Answer1:I believe its either 10% or the 15K (up to).And it hasent passed yet.And.... ITS A LOAN that you have to pay back./
      Answer2:It is not $15,000 tax credit. It is a $7500 tax credit based on your income. If your adjusted gross income is over $75,000 IRS starts deducting from the $7500. You must be a first time home buyer and purchased your main home(one you are living in) in a certain time period). You must use 1040 tax form and you can either claim it on 2008 taxes or 2009 taxes. It is a loan payable over 15 years and you start paying iit back two years after you get it for 15 years @ $500 a year with no interest. You can go to IRS.gov and pull up the publication for 1st time homebuyers tax credit and it will give you all the details.