Mortgage Center
There’s never been a better time to “make your move” — from renting to owning your own home. The
President recently signed into law the Worker, Homeownership and Business Assistance Act of 2009. A
major feature of this Act provides for an $8,000 federal tax credit* for qualified first-time homebuyers.
This now extends the first-time homebuyer credit until June 30, 2010.
Eligibility:
• First-time homebuyers defined as a buyer (and buyer’s spouse) who has not owned a home in the
past three years
• Income: Full amount of credit available for individuals with an adjusted gross income of no more
than $125,000 ($225,000 on a joint return)
• Effective Dates: A binding sales contract must be signed by April 30, 2010 and the purchase of the
home must close by June 30, 2010.
So stop renting and start owning today. To find out more, talk to your real estate agent or call me.
There’s never been a better time to purchase your first home.
