ENDS APRIL 30, 2010 Revised Homebuyer Tax Credit 11-2009 Congress has passed an extension to the 2009 Rrst-Ti me Homebuyer Credit, effective November 7, 2009, expanding the eligibility requirements to include more prospective homebuyers. To take advantage of the revised tax credit, customers must sign a purchase agreement by April 30, 2010 and close by June 30, 2010. Program highlights include: • First-time homebuyers—may receive a tax credit of up to $8,000 • Repeat buyers—may be eligible for a tax credit of up to $6,500, provided they have owned and lived in their home consecutively for at least five of the previous eight years • Annual income limits—are expanded to $125,000 for individuals and $225,000 for couples filing jointly; individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 may qualify for partial credit • Eligible properties—homes used as a principal residence, including condos, co-ops and townhomes • New—anti-fraud limitations are included
Century 21 Mortgage is ready to help you take advantage of the revised tax credit. Now is the ideal time to contact us to learn more about affordable home financing options. We give customers a free, same-day loan decision, guaranteed—and a smooth and easy mortgage experience.
***Please contact your local tax advisor for more details and eligibility for homebuyer tax credit |
