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Greg Ulrich
Loan Officer, Loan Officer, NMLS LO ID # 254799
Direct: (817) 812-2287
Fax: (608) 234-2407
Email: Send Email
6,500 Home Buyer Credit

 

$6,500 Home buyer tax credit
 
The credit expires June 30, 2010 and you must be under contract by April 30, 2010. The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
The amount of income someone can earn and qualify for the full amount of the credit has been increased.
Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible
Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.
Many people have questions about their specific tax situation. Please consult your tax professional for your specific concern. You can also go to www.irs.gov
 
Greg Ulrich, Loan Officer, Loan Officer, NMLS LO ID # 254799
Fairway Independent Mortgage Corp. NMLS Entity ID#2289
1340 S Main St, Suite 195, Grapevine, TX  76051
Direct:  (817) 812-2287
Fax:  (608) 234-2407
gregu@fairwaymc.com
Copyright © 2018 Fairway Independent Mortgage Corp.
Complaints regarding mortgage bankers should be sent to the Texas Dept. of Savings and Mortgage Lending, 2601 N. Lamar, Suite 201
Austin, TX 78705.
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