This is an excerpt from an email that my lender-friend, LuAnn Davis sent just a few minutes ago...
November 5, 2009
Senate has passed legislation making if virtually certain President Obama will sign the
Homebuyer Tax Credit Benefits Extension and Expansion!!
If signed into law . . . . .
* The first time homebuyer tax credit of $8000, due to expire at the end of November would be
extended through April, 2010.
* Legislation is expanded to allow qualified move-up buyers to be eligible for a credit of up to $6500.
* Income limits have been expanded for first time homebuyers with incomes up to $225,000 for a married
couple now being eligible.
* Existing homebuyers will have income limits and must have lived in their current residence for 5 of the prior 8 years.
* Primary residences only qualify.
I am here to provide unsurpassed service when helping your buyers take advantage of this tax credit. Rates are still incredibly low and our common sense approach to underwriting will create a positive experience for you and your client. Please call me!
LuAnn DavisSr. Loan Officer
WR Starkey Mortgage
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