The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales [...]
Posts Tagged as ‘first time home buyer’
November 5, 2009
Senate and House Approve Tax Credit Extension and Expansion!
*UPDATE: President Obama has signed the bill into law*
First Time Home Buyers now have until April 30, 2010 to purchase a new home to be eligible for the $8,000 credit.
Great news from Capitol Hill today as Congress has just passed legislation to extend the $8,000 First Time Home Buyer Tax Credit until April 30, 2010! [...]
October 30, 2009
Legislation Pending to Extend Tax Credit
Legislation is currently pending to extend the First Time Home Buyer $8000 Tax Credit, as well as provide a new tax credit for Move Up Buyers (those that currently own a home and are looking to move up to a new home).
See below for a brief overview of the new legislation:
October 26, 2009
First Time Buyers: You have less than 35 days
ATTENTION FIRST TIME BUYERS:
Time is running out to take advantage of the $8,000 First Time Home Buyers tax credit, which expires on December 1, 2009. While there has been talk of the government extending or broadening the current program, at this time no such legislation has been passed. What does this mean to [...]
September 26, 2009
Did you miss our First Time Home Buyer webinar?
If you missed out on our First Time Home Buyer Webinar, view it now!
For more information, visit http://northropteam.com/myfirsthome
September 17, 2009
Want $8000 for buying a home? Act Now!
Some call it the First Time Homebuyer Tax Credit. We call it one heck of a housewarming gift!
You’ve heard by now the government is giving you $8,000. But did you know you can use that $8,000 towards furniture, new appliances, flowers for the front yard, food for your guests at your housewarming party– even [...]
September 7, 2009
ATTENTION FIRST TIME BUYERS: Time is running out!
Attention first-time buyers! There are less than 80 days to take advantage of the FREE $8,000 tax credit. Don’t pass up this $8,000 housewarming gift – courtesy of Uncle Sam! The time to act is now!
Because the truth is it takes time to buy a home. There’s the hunting itself, the negotiations with the seller, [...]
June 3, 2009
Monetizing the First Time Home Buyer Tax Credit to pay for closing costs
The Federal Housing Administration had previously announced in early May that First Time Home Buyers would be able to use the (up to) $8,000 tax credit towards the down payment or closing costs of their new home purchase for FHA loans. Later the government revised their position and it looked like First Time Home Buyers [...]
May 22, 2009
Casting Call: My First Home on TLC
Do you watch HGTV, TLC, and any other shows that document home purchase, home repair, organization, etc? TLC is casting for their show ‘MY FIRST HOME’ which is entering its 4th season of production and would like to find a story in Maryland.
“MY FIRST HOME is a half-hour series for TLC that will focus on the joys [...]
May 20, 2009
Can buyers use the $8,000 tax credit for down payments?
It was first announced at the National Association of Realtors Mid Year convention in Washington DC last week that the US Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) were quickly releasing guidelines to monetize the $8,000 tax credit for first time home buyers, so that buyers would be able [...]
