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What Does The Tax Credit Mean to You as a Buyer
We Have News To Tell…. the Home Buyer Tax Credit Has Been Extended and Expanded…
From now until April 30, 2010, first-time home buyers and move-up buyers have another great reason to get on the path to purchasing a new home! The benefit to first-time homebuyers is a tax credit up to $8,000 and for move-up buyers a tax credit up to $6,500.
We Have News To Tell…. the Home Buyer Tax Credit Has Been Extended and Expanded…
From now until April 30, 2010, first-time home buyers and move-up buyers have another great reason to get on the path to purchasing a new home! The benefit to first-time homebuyers is a tax credit up to $8,000 and for move-up buyers a tax credit up to $6,500.
FIRST TIME BUYERS
Deadlines:
CURRENT HOMEOWNERS
Deadlines:
In addition, buyers have another year to take advantage of the higher loan limit for mortgages backed by the Federal Housing Administration, Fannie Mae or Freddie Mac set at 125 percent of local median home sales prices, up to a maximum of $729,750 in high-cost housing markets. The limit in normal markets will remain $271,050 for FHA and $417,000 for Fannie Mae and Freddie Mac.
Please remember to advise consumers to consult with a tax professional for individual eligibility and implications of the Homebuyer Tax Credit.
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