The First Time Home Buyer Tax Credit has been EXTENDED to July 1, 2010 and offers current homeowners looking to move a tax credit too!

Purchase a home before May 1, 2010 and you may be eligible for a tax credit:

$6,500 for current homeowners looking to move
$8,000 for first-time homeowners

Buyers who have owned their current homes for at least five years would be eligible, subject to income limits, for tax credits of up to $6,500.

First-time homebuyers – or people who have not owned homes in the previous three years – could get up to $8,000 in tax credits.

To qualify, buyers have to SIGN a purchase agreement before May 1, 2010 and CLOSE before July 1, 2010.

Conditions regarding the homebuyer’s tax credit:

On the purchase of primary residence costing $800,000 or less
For individuals with annual incomes less than $125,000
For those who file joint tax returns with combined incomes totaling less than $225,000

For more information please feel free to call or email me and I will put you in contact with a lender who will check to see if you qualify.