Homebuyer Tax Credit
The tax credit of $8,000 for first-time homebuyers, originally scheduled to expire on November 30, 2009, has been extended to April 30, 2010. Additionally, Congress has expanded the definition of who qualifies as a "first-time homebuyer" to include people who currently own a house and have owned and lived in their residence for any consecutive five-year period during the eight-year period ending with the date when their new home is purchased. Such long-time homeowners who buy a new residence are eligible for a tax credit of up to $6,500 if they buy another residence between November 7, 2009, to April 30, 2010.
30 Year Fixed Rates as Low as 5.00%
3 Year ARM Rates as Low as 4.125%
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*always consult your tax advisor for details.
