Home Buyer Tax credit extended

2010-01-06T07:55:00.000-08:00

So many Buyers have inquired about the home buyer tax credit that I asked Nathan Smith with ProMortgage to give some information that will assist my Buyers when looking to buy cabins and homes in Garden Valley using the tax credit. If you have additional questions or if you need any help with a mortgage loan please be sure to give Nathan a call.

Home buyer Tax Credit Extended

The home buyer tax credit of 2009 is being extended through June 30th, 2010. The new tax credit has been modified, however. Some important details to remember:
1) The property must be under contract by April 30th, 2010 and fund by June 30th to qualify.
2) The credit only applies to a primary residence.
3) A first-time home buyer can receive up to a maximum of $8,000.
4) A previous homeowner can qualify for up to $6,500 if they have owned a primary residence that they resided in for five consecutive years out of the previous eight years.
5) Income limits have been increased for both groups to $125,000 for a single person and $225,000 for a married couple.

Nathan Smith
(208) 947-5555

If you have any questions on real estate, land, homes and cabins, for sale in the Garden Valley, Idaho area, please do not hesitate in contacting me. I am a mountain properties specialist in the the Boise county area and I would love to help you find your next home or cabin.