The Homebuyer Tax Credit
What is it?
The Homebuyer Tax Credit is a government-instituted program designed to boost the economy by encouraging home buying. Originally, it was offered only to new homebuyers but this second phase provides incentives for existing homeowners as well.
Who Gets What?
New homebuyers that have a written binding contract in place by April 30, 2010 are eligible for up to an $8,000 tax credit. Existing homeowners that have lived in the home they are selling, or have sold, as principal residence for five consecutive years in the past eight years can get up to a $6,500 tax credit through April 30, 2010.
What’s The Catch?
There really isn't one. There are stipulations and restrictions on things like income level and purchase price but all of that is explained on the details page.
Ready to get started? Visit "
The Home Buying Process", call us at (800) 261-7653, or contact us for more information on how to begin!