The $8000 tax credit for first time homebuyer's has been extended. The program was expanded to include a $6500 tax credit on the purchase of a new home to apply to people who have owned a home for at least five years.
Income restrictions will be relaxed, meaning more people could take advantage of the program.
The bill would extend it to apply to home purchases under contract before May 1, 2010
Great news! Watch for more details.
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Information provided by Pam Taylor with WR Starkey Mortgage
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