MARSHA YOUNG.COM
Honest, Professional, E-certified Full-Time Agent
Home Tax Credit

203K LOANS  NEW!!!

EXPIRED... NO EXTENSION OF PROGRAM AT THIS TIME

Today President Obama signed into law legislation extending the home buyer tax credit until April 30, 2009. The bill extends the $8,000 tax credit for first time home buyers, but also makes available a tax credit to current homeowners.

First Time Homebuyers Homebuyers who have not owned a home within 3 years are still eligible for a tax credit of $8,000 and $4,000 for married but filling separate, with income restrictions maxing out at $125,000 and $225,000 respectively.

Current Homeowners The new tax credit for current homeowners is defined as having owned a home for five of the previous eight years. These homebuyers are eligible for slightly lesser tax credits in the amount of $3,250 for singles and $6,500 for couples, with income restrictions maxing out at $125,000 and $225,000 respectively.

Renters Individuals who are currently renting but have owned a home within the last 8 years that they lived in for at least five consecutive years are eligible.

Important Dates Purchase agreements need to be signed by April 30, 2010 and close by June 30, 2010.

Important Dates - Military Personnel For those in our armed forces, persons stationed outside the United States on official duty for 90 days during the period from January 1st 2009 and before May 1st 2010 will have eligibility extended for binding contracts signed before May 1st, 2011 and closed before July 1st, 2011.   

This may be the last opportunity to take advantage of these tax credits, and many legislatures have already said it will most likely not be extended. Call me so we can discuss how my referral partners and I are using this as a marketing tool to bring in more buyers!  


Compliments of:
Jason Young, Branch Manager, AmeriCU
Office 614-901-2000 ext 15 or cell 740-408-2574,
Direct Fax 312-962-8668
jyoung@americu.com