Homebuyer Tax Credits: What’s Available and Who Qualifies?
January 22, 2010
The Worker, Homeownership, and Business Assistance Act of 2009, recently passed by Congress, is enhancing the home buyer tax credits and extending the credits to even more homebuyers. If you didn’t qualify before, you may qualify under the new legislation!
On November 6, 2009, President Obama signed legislation extending the $8,000 first time home buyer tax credit and offering a new credit of $6,500 to repeat homebuyers who have lived in their current home for at least five years and are seeking to relocate.
Plus, the maximum income limit to be eligible for the credits has been raised to $125,000 for a single purchaser and to $225,000 for a couple.
To qualify, buyers must have signed purchase agreements on or before April 30, 2010 and the loan must be closed on or before June 30, 2010.
We invite you to learn more about the current tax credits by visiting the link below. Or, feel free to contact one of our Home Loan Specialists. We are here to answer your questions and help determine whether you qualify for these great benefits.
Official Tax Credit Website: http://www.federalhousingtaxcredit.com/
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