I've received a lot of wonderful advice from you all here, so I have another question for you. We are still in underwriting and just received a packet from our lender (Suntrust) with information about the Federal Recapture Tax. We have never heard of this before and are confused about why this if the first time (we've been in this process and working with our lender for almost 4 months now), just a few weeks before we're anticipating being able to close.
I read the information, but it's unclear about whether we will be obligated to pay it if we stay in our home less than 9 years - there is a paragraph about being able to get it reimbursed. But there's no information about how one might qualify for that. We're frustrated at this point. Every time we turn around, there is some other enormous fee that no one told us about. The recapture tax doesn't seem to be an insignificant amount either. Up to 6.5% of the loan amount.
I guess that's part of being newbie first time home-buyers. We're trying to learn as much as we can, but it's so tough to navigate everything.
What do you know about this tax? We want to pull our hair out. 
Thanks so much in advance.
