Buying Your First Home?
That’s right. Buy your first home before December 1, 2009, and you may be eligible for a tax credit of up to $8,000.
Think how handy that extra money will be as you settle into your first home. The
pricing and availability of homes has never been better, and now with the
government’s tax credit for first‐time homebuyers, there’s no reason to delay.
TAX CREDIT DETAILS:
First‐time homebuyers only.
Does not need to be repaid.
Equal to 10% of the home’s purchase price up to a maximum of $8,000.
Available for homes purchased before December 1, 2009.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
Buyer applying for a mortgage loan no later than November 1, 2009.
Buyer providing all required documentation within 72 hours of application.
Fully executed contract (signed by seller and bank) must be received by November 1,2009.
Appraisal ordered by November 1,2009.
Full credit / underwriting approval, including acceptable appraisal.
Seller’s performance required on returning closing documents, signed by seller, and returned by November 25, 2009.
Give us a call today to see if you qualify…480-889-1424.
* The information provided does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. Available only to qualified borrowers.