Homebuyer Tax Credit Update (bullet points)

1. The income limit has been raised to 125K for single and 250k for married couples
2. You have to be in contract by April 30^th, 2010 and close by June 30^th 2010.
3. Also there is a credit now non-first time homebuyers of 6500 dollars had to owned a house for 5 out of 8 years

Those are some key highlights but we feel confident that Obama will be signing the bill shortly.  

 posted from : Bill Bader, CMPS , Loan Consultant , Greenwood Lending , 434/975-4600 Phone