Warren Residential Group Blog – Boston Real Estate Blog

Christina Longo at Prospect mortgage sent me the following email this morning:
Senators have agreed to extend the $8,000 first-time homebuyer tax credit originally set to expire on November 30. Once the Senate officially votes on the bill it will move to the House of Representatives, which strongly supports the extension. The Obama administration has also [...]

Brian Cavanaugh of Wells Fargo Home Mortgage just sent me an interesting email in regards to when to schedule your closing to take advantage of the $8000 tax credit:
The $8,000 First-Time Home Buyer Tax Credit expires November 30, 2009.  In order to claim the tax credit, the IRS requires that you’ve closed on or before [...]

Great news for first time home buyers released today!  The Federal Housing Administration (FHA) will allow home buyers to apply the Obama Administration’s new $8000 first-time home buyer tax credit towards the purchase costs of a FHA-insured home.
Prior to this the tax credit was only accessible to buyer’s after filing their tax returns with the [...]