Mortgage Group

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8, 000 for qualified 1st-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.