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Wednesday, March 4, 2009

Home Buyer Tax Credit $8,000

By Amanda Kate Harry Charlie

President Obama and the government have agreed to give home owners a $8,000 tax credit to buy a home. Veteran can take full advantage of this.

2009 is a great year to buy, loan rates are very low, house prices are very reasonable and you get a tax credit for $8,000 if you buy a house.

The tax credit is only good until December 2009.

If you owe less than $8,000 in taxes, the difference gets refunded to you The full amount of the credit is available to singles who make $75,000 or less, or couples who make $150,000 or less(tax credit phases out above those caps)

2009 is a great year to buy if you are a veteran. Prices are low, Interest rates are at historic lows and now you get money from the IRS

So if you buy a house before Dec 2009 this year, you could have $8,000 in taxes eliminated. If you owe less than $8,000 you will get the difference refunded. So if you owe $4,000 in taxes, you will eliminate the $4,000 + get a refund for $4,000! You could put this money in the bank as cash reserves or use it to assist you in furnishing your new house or making improvements.

The stimulus plan allows for an increase in the Fannie Mae and FHA loan limits for CA, the limit is now $729,000 in many parts of CA.

Give us a 858-922-7899 (direct)

Sr. Loan Officer and VA and FHA Loan Expert

858-922-7899 (direct)

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