There has been a lot of buzz about the FHA Tax Credit Program, and for those who are not too aware of it, we wanted to list a few key points of this excellent program here:
1. Up to an $8,000 Tax Credit is available for First-time home buyers (For a newly built home or a resold home). This is confined to sales occurring on or after January 1, 2009 and on or before April 30, 2010.
2. Up to an $6,500 Tax Credit is available for "move-up" (repeat home buyers or existing home owners), who purchase a Principal Residence (Not an investment property - but an Owner-Occupied Principal Property) between November 6, 2009 and on or before April 30, 2010.
This is a very basic breakdown, but there are certain specific income limits, so be sure to check the FHA Site (http://federalhousingtaxcredit.com).
As a side note, we have been busy working on our next venture, which will be announced soon, which will extend a hand to homeowners in trouble.
Further, we have been further updating our Twitter, Facebook, and MySpace Pages and adding numerous followers and friends...which means more traffic to your Ads !
Have a Great Week, and Happy "Rent to Owning" !!
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