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Tagged : Tax Credit Update

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Attention ALL Orange County Home Buyers - Tax Credit Expanded

Friday, November 6th, 2009 at 1:18pm. 351 Views, 0 Comments.

Great news came from Washington D.C. today for all Orange County Home Buyers.  The House approved a bill that would not only extend the current tax credit for first time home buyers, but also expand the benefit to additional home buyers too.  You can read the Washington Post article which also discusses other items included as part of the bill expected to be signed into law by the President shortly.  The main points for home buyers to note are:

New Home Buyer Program

  • $8,000 Tax Credit
  • Applies to buyers purchasing a home for the first time in three years
  • Sign a contract by April 30
  • Close by June 30

Additional Home Buyer Program

  • $6,500 Tax Credit
  • Applies to buyers who are buying a primary residence AND
  • Have owned their home for five…