So You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. There have been a few new plans put into place in order to put that Tax Credit to good use.  First here is an article I found on what you have to do to get your benefit: Applying the Credit to Your 2009 Taxes.

The Tax Credit also applies to Armed services members, as well as intelligence service and foreign service personnel, who are on active duty and out of the U.S. for 90 days during any part of 2009, they will get an additional year to buy their homes, to May 1, 2011. Read more about that by clicking here.   

In mid-May 2009, the U.S. Department of Housing and Urban Development (HUD) launched a program that would allow federally approved lenders to offer bridge loans to cover closing costs for borrowers who take the 2009 First-Time Homebuyer Tax Credit and who use financing backed by the Federal Housing Administration (FHA).  This is great news for first time buyers.  Click here to learn more about this great offer.

President Obama produced a Podcast on the Tax Credit on November 5th.  In this special edition of the President's Podcast, 2009 National Association of Realators President Charles McMillan announces that Congress has answered our call to extend and expand the homebuyer tax credit.Click here to listen to what the President had to say.

If you have any questions about any of these benefits or finding your first home please let me know, It's my pleasure to help!

Karen Hickman