CREDIT EXTENDED: First Time Buyer Credit Details

• $8,000 credit extended.
• Must be in a binding contract by April 30, 2010.
• Must close by June 30, 2010.
• Buyer who have not owned a home in 36 months are eligible.
• Income limits increase to $125k (Single) or $225k (married).

CREDIT EXPANDED: Current Homeowners

• $6,500 credit for homeowners that purchase a new principle residence.
• Must be in a binding contract by April 30, 2010.
• Must close by June 30, 2010.
• New home must be less than $800,000.
• Same income limits as First Time Buyer credit.
• Existing home must have been used as a principal residence consecutively for 5 years of the last 8 years, and you must currently own the home.