Congress recently passed legislation
that extends and expands the Federal Home Buyer Credit
through mid 2010! Not only does it apply to First
Time Home Buyers, but move up buyers also.
First Time Home
Buyers -
No Home Ownership in past 3 years
Extended the$8,000
Federal Tax Credit
Move Up Buyers
- NEW PROVISION! -
Owned home that is being sold in 5 of the
past 8 years
ADDED a$6,500
Federal Tax Credit
Income Restrictions:
IncreasedBorrower Income Limits to: - $125,000 for
Individuals -
$225,000 for Couples
Deadlines:
Property Must: - Be Under Agreement
by April 10, 2010 -
Close by June 30, 2010
For More Information,
Contact Your Lowell Cooperative Bank Mortgage Professional:
Mortgage
News You Can Use - 11/09/2009 
Jim
Kohr 