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Has Been Extended! And it's Not Just For First Time Buyers Anymore. The bill extends and expands the $8,000 homebuyer tax credit through April 30, 2010. The bill also revises income limits and would allow a $6,500 "move-up" buyer tax credit for those who have lived in their current principal residence for 5 or more years. In addition, the bill will allow borrowers who have entered into a contract by April 30th to have 60 days (June 30th) to complete the transaction. Additionally, income limits have been increased to $125,000 for single person, and $250,000 for married couples, with an $800,000 limit on the cost of the home being purchased. Contact me for details. |
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