As you may have heard, Congress did extend the $8000 first-time home buyer tax credit. They also allow the tax credit to be used at closing with an FHA loan! There are some income limits to qualify for the full tax credit.
Congress also opened the tax credit to repeat home buyers who've lived in their homes for 5 consecutive years of the 8 years prior to this purchase--up to $6500 for a primary residential purchase! And no, the old home doesn't have to be sold first. This among other quirks gives all home buyers a great potential bonus.
The deadline is purchasing a home between 6 November 2009 and 30 April 2010.
Get the full scoop here: http://www.federalhousingtaxcredit.com/faq2.php#
Consider how you or someone you know might you benefit. Feel free and email me with your questions at BethBakerOwens@comcast.net
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