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when is the deadline for the tax credit

  • December 05 2009 - Wyoming
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Answers (4)

castries73,

The deadline is fast approaching. If you want to know about the tax credit, there is a good Frequently Asked Questions article about it here:

Tax Credit FAQs

The Better Brokers
  • February 20 2010
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4/30/10  but if you have owned your home 5 or more years the tax credit drops to $6,500.
  • December 07 2009
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Something you may want to keep an eye out for is that HUD is considering "raising the bar" for buyers in the near future which could potentially take a lot of interested home buyers out of the picture. 

As of now FHA financing requires minimum 3.5% down payment from the buyer.  There is talk of the down payment potentially being raised to 5% and more closing costs paid by the buyer.

I would suggest you get the ball rolling as soon as possible so you are not missing out on a grand opportunity to purchase your first home or next home.
  • December 07 2009
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You have to have a home under contract by April 30th 2010 and close by June 30th 2010. So if you sign a contract to purchase a home on May 1 2010 you are too late.
  • December 05 2009
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