First Time Home Buyers Tax Credit - Better Hurry!!

Published 10 September 09 08:13 AM | Greg McCoy 

The First Time Home Buyers Tax Credit is scheduled to expire at the end of November, so if you have any thoughts about taking advantage of that great deal, you need to start moving ahead!  To get the credit, you must close on your house by Nov. 30, which means that you will need to have a house under contract by early November.  That is only two months away!

In addition, if you plan to use FHA financing, you may qualify to use up to $6,000 of the credit at closing to help with your down payment.  Details can be found at http://www.ihda.org/ViewPage.aspx?PageID=328.

If you have any questions or would like to discuss this further contact me at 309-687-4826, or call your mortgage loan officer.

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