The deadline for a tax credit of up to $8000 has been extended for eligible homeowners to buy or enter an agreement to purchase before April 30, 2010 and close on the home by June 30, 2010. The new legislation expanded the income range for eligible purchasers. The credit has also been expanded to cover purchases of a new principal residence by people who have lived in their current principal residence for at least five out of the last eight years. They may be eligible for up to a $6500 credit. For further information from the IRS about eligibility requirements and limitations, click here.
At First National Bank, we provide quick and local decision making. With interest rates at all time lows and homes priced more affordably, it can be a great time to buy!
Stop in today or call us at First National Bank to get prequalified.
Becky Behrens, Vice President
