Homebuyer Tax Credit has been extended and expanded!

First-time home buyers and move up buyers have another great reason to get on the path to purchasing a new home! The benefit to First-time homebuyers is a tax credit up to $8,000 and for qualified Move-up buyers a tax credit up to $6,500. But this opportunity ends in April.

• Between November 7, 2009 and April 30, 2010, homebuyers that have a signed binding contract to purchase a home by April 30, 2010 may be eligible for the tax credit. The transaction must close by June 30, 2010.
• For First-Time Homebuyers, a tax credit up to $8,000 ($4000 for married filing separate), homebuyers may receive a credit of 10 percent of the purchase price up to the $8,000 tax credit amount. If you have never owned a home before or have not owned a principle residence in the last three years, you are considered a First-Time Homebuyer.
• For the "Move Up" consumer, a tax credit of up to $6,500 ($3250 married filing separate) is available for Homeowners who have lived in their current residence for at least five consecutive years out of the past eight years. The homebuyers can receive a credit up to $6,500 when they contract to purchase a home by April 30, 2010, and close by June 30, 2010

The tax credit does not have to be repaid provided you live in the new home for a minimum of three years. Military families who must move due to a call to active duty are exempt from this minimum.

This is intended to provide an overview only - for specific information or individual concerns, please contact your lawyer, accountant and/or financial advisor.

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	hi , me and my wife recently recive benefit from social secure,each month either recive $900 dls.can we qualify for the first-time homebuyers credit.?
	gerardo	16 hour(s) ago
	if i buy a house for the first time from a family member do i qualify the the 8 thousand dollar tax credit?
	victor	2 day(s) ago
	if i buy a house for the first time from a family member do i qualify the the 8 thousand dollar tax credit?
	victor	2 day(s) ago
	if i buy a house for the first time from a family member do i qualify the the 8 thousand dollar tax credit?
	victor	2 day(s) ago
	Hi Im about to purchase mu home but me and my husband filed are 2009 taxes seperate does that mean im only going to qualify for 4 thousand or ten percent of the purchase price?please advise?
	Deysi	4 day(s) ago
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	Dena Sampson	5 day(s) ago
	I'm a widow & it will be 5 years in June 2010 since I lost my husband. The house I'm in now was in my husband's name & I paid it off with the insurance policy he bought in case of his death. The house is now in my name, but I haven't ever purchased a home myself. If I wanted to buy a second home would I still qualify for the tax credit of $8000 or $ 6500. I'm not sure my low income would keep me from receiving it or having my house I live in now. I was getting a second mortgage on my house now to purchase this other house. Can you let me know where I stand with making this decision. I was also wondering if I could get a good interest rate with low income & excellent credit. Thanks Lynn
	Lynn Landers	5 day(s) ago
	I'm a widow & it will be 5 years in June 2010 since I lost my husband. The house I'm in now was in my husband's name & I paid it off with the insurance policy he bought in case of his death. The house is now in my name, but I haven't ever purchased a home myself. If I wanted to buy a second home would I still qualify for the tax credit of $8000 or $ 6500. I'm not sure my low income would keep me from receiving it or having my house I live in now. I was getting a second mortgage on my house now to purchase this other house. Can you let me know where I stand with making this decision. I was also wondering if I could get a good interest rate with low income & excellent credit. Thanks Lynn
	Lynn Landers	5 day(s) ago
	I'm a widow & it will be 5 years in June 2010 since I lost my husband. The house I'm in now was in my husband's name & I paid it off with the insurance policy he bought in case of his death. The house is now in my name, but I haven't ever purchased a home myself. If I wanted to buy a second home would I still qualify for the tax credit of $8000 or $ 6500. I'm not sure my low income would keep me from receiving it or having my house I live in now. I was getting a second mortgage on my house now to purchase this other house. Can you let me know where I stand with making this decision. I was also wondering if I could get a good interest rate with low income & excellent credit. Thanks Lynn
	Lynn Landers	5 day(s) ago
	I'm a widow & it will be 5 years in June 2010 since I lost my husband. The house I'm in now was in my husband's name & I paid it off with the insurance policy he bought in case of his death. The house is now in my name, but I haven't ever purchased a home myself. If I wanted to buy a second home would I still qualify for the tax credit of $8000 or $ 6500. I'm not sure my low income would keep me from receiving it or having my house I live in now. I was getting a second mortgage on my house now to purchase this other house. Can you let me know where I stand with making this decision. I was also wondering if I could get a good interest rate with low income & excellent credit. Thanks Lynn
	Lynn Landers	5 day(s) ago
	I'm a widow & it will be 5 years in June 2010 since I lost my husband. The house I'm in now was in my husband's name & I paid it off with the insurance policy he bought in case of his death. The house is now in my name, but I haven't ever purchased a home myself. If I wanted to buy a second home would I still qualify for the tax credit of $8000 or $ 6500. I'm not sure my low income would keep me from receiving it or having my house I live in now. I was getting a second mortgage on my house now to purchase this other house. Can you let me know where I stand with making this decision. I was also wondering if I could get a good interest rate with low income & excellent credit. Thanks Lynn
	Lynn Landers	5 day(s) ago
	I'm a widow & it will be 5 years in June 2010 since I lost my husband. The house I'm in now was in my husband's name & I paid it off with the insurance policy he bought in case of his death. The house is now in my name, but I haven't ever purchased a home myself. If I wanted to buy a second home would I still qualify for the tax credit of $8000 or $ 6500. I'm not sure my low income would keep me from receiving it or having my house I live in now. I was getting a second mortgage on my house now to purchase this other house. Can you let me know where I stand with making this decision. I was also wondering if I could get a good interest rate with low income & excellent credit. Thanks Lynn
	Lynn Landers	5 day(s) ago
	I'm a widow & it will be 5 years in June 2010 since I lost my husband. The house I'm in now was in my husband's name & I paid it off with the insurance policy he bought in case of his death. The house is now in my name, but I haven't ever purchased a home myself. If I wanted to buy a second home would I still qualify for the tax credit of $8000 or $ 6500. I'm not sure my low income would keep me from receiving it or having my house I live in now. I was getting a second mortgage on my house now to purchase this other house. Can you let me know where I stand with making this decision. I was also wondering if I could get a good interest rate with low income & excellent credit. Thanks Lynn
	Lynn Landers	5 day(s) ago
	CAN I MAKE IT WITH 710 FICUS SCORE, ANY IDEA OF ANNUAL RATES FOR THOSE POINTS?
	FRANCO	5 day(s) ago
	What if, I have a low credit score 619, can I buy a home with a VA certificate or another can of loan?
	Lea	5 day(s) ago
	here's the scoop on the tax credit. Hugs, Me
	Marwell	6 day(s) ago
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	lennie ginyard	6 day(s) ago
	What if I have bad credit or no credit at all is there any chance of me getting a home? What about that the $8000.00 tax credit can I use that as a down payment?
	Jessica	6 day(s) ago
	Iam first home buyer & low income. Can I use the tax credit for down payment on new house. If I buy new house 4/3 or 3/2 how much must be pay monthly payment & how long. I need some help to get started? thank you
	Dewi	Feb 1, 2010
	Iam first home buyer & low income. Can I use the tax credit for down payment on new house. If I buy new house 4/3 or 3/2 how much must be pay monthly payment & how long. I need some help to get started? thank you
	Dewi	Feb 1, 2010
	I would like a tax credit and a 203k fha mortgage 19138 area
	melvina anderson	Jan 30, 2010
	How do we qualify for this? Thanks, Lorri
	Lorri	Jan 30, 2010
	How do we qualify for this? Thanks, Lorri
	Lorri	Jan 30, 2010
	hi, i'm a single male with 2 kids. my credit score is kind of low.but i would like to buy a home for us. if i have to start out renting thats okay too. is there anyone that can help me.
	booker	Jan 29, 2010
	always wanted 2 buy a home,but never knew how..my credit is getting better as i am striving to make it the best possible.. i do not know or understand the income limitations? i am low income and have been a stay at home mom for the last 5 years,and just now going back to work.is there even a chance for me to be a part of this credit & a homeowner?
	barbie nadeau	Jan 28, 2010
	always wanted 2 buy a home,but never knew how? this oppportunity seems to good to be true,yet its real...my credit is getting better as im striving to make it the best possible..but i dont know or undertsand the income limitations? i am low income and have been a stay at home momfor the last 5 years,and just now going back to work.is there even a chance for me to be a part of this amazing offer??
	barbie nadeau	Jan 28, 2010
	what paperwork do I have to fill out to get the first-time hombuyers tax credit?
	becky	Jan 27, 2010
	Is there any way to get the 8,000 back if you buy a duplex and live on one side and rent the other side out?
	Kim Rarey	Jan 26, 2010
	so if i have lived only for 3 years in out home and will try to buy another house before april 30, and close date befor june 30, i will not receive credit for move up consumer credit
	rose briones	Jan 26, 2010
	This would be my first home buyer.My question is would this tax credit be my down payment or would I have to put down more. Thank You
	Daphne	Jan 25, 2010
	This would be my first time home buyer.My question is would the tax credit be my down payment on my home or would I have to have more.Thanks!!
	Diane	Jan 24, 2010
	This would be my first time home buyer.My question is would the tax credit be my down payment on my home or would I have to have more.Thanks!!
	Diane	Jan 24, 2010
	What are the stipulations to receive the tax credit?
	Nicole McKiddy	Jan 24, 2010
	I am a first time buyer, low income and my question is , can you use the tax credit as a down payment on the house you're trying to purchase?
	delayna brady	Jan 24, 2010
	I sold my home in August of 2007, I lived in it for 5 years proir to the sale. Am I qualify for the move up home buyer funds money?
	Gareth James	Jan 24, 2010
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	mohamed aly	Jan 23, 2010
	hi there i would like to know how me and my family could get the tax credit buy purchasing a home right now and be done with it i would like to know that ok and thank you
	sara Raines	Jan 22, 2010
	My husband and I are looking for a home that is 4/2 or 4/3 or 4/2 with in-law quarters. if it has a pool or not it's ok, would like garage,and (or) some land. and not only is there the taxgrant but we heard about one that helps low income people too,
	Terry	Jan 22, 2010
	I am a widow...I see things for married couples,but not single. I'm trying to buy a home now...can i use the tax credit for a down payment on a new home?
	TAMMY	Jan 22, 2010
	How can I make to receive this tax credit after i have a contract of offert over any property? Can I do it in my 2009 income tax return?
	jose A Silva	Jan 22, 2010
	How can I make to receive this tax credit after i have a contract of offert over any property? Can I do it in my 2009 income tax return?
	jose A Silva	Jan 22, 2010
	I closed on my condo in 10/05, and have been living there ever since. Do I qualify for the existing homeowners buying credit of $6,500? Since then i've married, and my wife has never purchased anything. Do we qualify for the first time buyers credit of $8,000? My condo is currently listed for sale with Century 21.
	Adrian Carrion	Jan 21, 2010
	I closed on my condo in 10/05, and have been living there ever since. Do I qualify for the existing homeowners buying credit of $6,500? Since then i've married, and my wife has never purchased anything. Do we qualify for the first time buyers credit of $8,000? My condo is currently listed for sale with Century 21.
	Adrian Carrion	Jan 21, 2010
	I closed on my condo in 10/05, and have been living there ever since. Do I qualify for the existing homeowners buying credit of $6,500? Since then i've married, and my wife has never purchased anything. Do we qualify for the first time buyers credit of $8,000? My condo is currently listed for sale with Century 21.
	Adrian Carrion	Jan 21, 2010
	I purchased a co-op this past June '09, which is my primary residence. Do I qualiy for the whole $8,000.00 tax credit or just the 10% of the purchase price?
	Sheila Hodge	Jan 21, 2010
	I purchased a co-op this past June '09, which is my primary residence. Do I qualiy for the whole $8,000.00 tax credit or just the 10% of the purchase price?
	Sheila Hodge	Jan 21, 2010
	My husband and I closed on our home (we are move up buyers)October 23, 2009. Are we eligible for the NEW tax credit?
	joeann evans	Jan 21, 2010
	I just bought a home. our settlement date is Jan 29th. What paperwork do i need to file for the credit with my 2009 taxes?
	Tara	Jan 21, 2010
	I just bought a home. our settlement date is Jan 29th. What paperwork do i need to file for the credit with my 2009 taxes?
	Tara	Jan 21, 2010
	Could you please provide info on wheather or not there are any income earning limitations on this $8,000 tax credit that is available? Please e-mail us the information on the income limits.
	Mary Murillo	Jan 21, 2010
	Does that include buying 2nd home?
	rick	Jan 21, 2010
	As of 12/31/08, I was divorced and did not own a home for the past 4 years. I got married 02/06/09 and we are building a house that we closed on 06/2009. My husband owned a mobile home in his name only since 06/2006 (on the property we are building the house on). Since I did not own a home for 4 years and we just got married, do I qualify for the $8,000 tax credit? The new home is in both names.
	Mitzi	Jan 21, 2010
	If i purchase a home as a first time home buyer but have my uncle buy it with me as a non resident in the home and he owns his own home do i qualify for the first time homebuyers $8000.00 credit?
	cathy	Jan 21, 2010
	Hola. Yo vivo en Vieques Puerto Rico y estoy considerando comprar una casa ya que mis hijos quieren ir a estudiar en Florida. Mis preguntas son las siguientes: Yo puedo aplicar para este credito aunque aun me encuentre en Puerto Rico? Cuales serian los pasos a seguir?
	Sharon	Jan 20, 2010
	no but how do i get into a home at lakeside
	Name	Jan 20, 2010
	can the tax credit be claimed on your 2010 tax return?
	Jennifer	Jan 20, 2010
	yo quiero comprar casa por primera ves soy madre soltera . tengo que comprarme una casa para no estar pagando renta.
	veronikha turner	Jan 17, 2010
	yo quiero comprar casa por primera ves soy madre soltera . tengo que comprarme una casa para no estar pagando renta.
	veronikha turner	Jan 17, 2010
	Im a 1st time home buyer looking for a nice single family home 2 bed 2 bath i dont really know were to start if possible can you help me an let me know what i have to do to get started? Thank you
	Ruby Aguilar	Jan 14, 2010
	hi my this would help us out alot but i dont know what to do about our credit see we really wanna buy our own house but our credit is stopping us get back to me on more info on what we should do thanks
	mark	Jan 14, 2010
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	Derek Gutierrez	Jan 13, 2010
	I am a first time home buyer and would like to get some more information on this.
	lilleth merchant	Jan 10, 2010
	Hello, I live & work in Houston, I wish to buy a house in California. I have not owned any house. Do I qualify for any of the two option available for first time home buyers or existing home buyer. Kindly let me know Thanks Sudeep Bali
	Sudeep Bali	Jan 9, 2010
	hi, right now i am paying 675.00 per month for rent.i would like to apply this $ towards something i am buying. just something very small would be just fine but i do prefer something woodsy and down to earth . there is no doubt i will need help w/dn.payment.can you or someone you know help? thank you
	Georgianna Dawson	Jan 9, 2010
	Is contract for deed included in this package?
	beth	Jan 8, 2010
	Are there any income level restrictions on the existing homeowner's income in order to qualify or receive the credit?
	Donald W. Brookfield, Jr	Jan 8, 2010
	Wow, this news has given me a chance to buy my first home in 2010.
	Tyler	Jan 7, 2010