FTHB Tax Credit Extended – OR Is It?
October 14th, 2009 | 
Author: The First Time Home Buyer Tax Credit deadline gets closer every day. To illustrate the limited time remaining, this recent report from myFox in Florida interviewed a First Time Home Buyer and her Mortgage Banker, Chris Brown, the author of Mortgage Chili Blog, a mortgage professional in Orlando. This is one of the best reports on the Tax Credit that we have come across.
We know there are a lot of people that think the tax credit will be extended and, though possible, this news from the House of Representatives may make that even less likely. The House passed a bill 416 to 0 to extend the tax credit for 6 months. This is what people have been expecting and lobbying for, but there is a twist, this only applies to services members that served a minimum of 90 days overseas in 2009.
This is a great deal for our service members, but makes the probability that Congress will not extend the tax credit for other First Time Home Buyers a bit higher. This bill still needs to be passed by the Senate before it can be sent to the President, but it should sail through with very little disagreement.
If you need assistance in getting started purchasing your first or subsequent home, call one of our Mortgage Advisors today at 541-342-7576. The time really is running out for the Tax Credit.
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Posted in $8000 Tax Credit, FHA Mortgages, Million Dollar Stimulus Challenge, Springfield Home Ownership Program, Stimulus Bill | 
Tags: $1000000 Challenge, $1000000 Stimulus, $1000000 Stimulus Challenge, $8000 Tax Credit, Alpine Mortgage, Eugene First Time Home Buyer, Lane County First Time Home Buyer, Million Dollar Challenge, Million Dollar Stimulus, Million Dollar Stimulus Challenge, Springfield First Time Home Buyer
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alpine
I can definitely understand programs that assist our honorable service members. I don’t know however why scaling the program back and eliminating many first time homebuyers from the equation is necessarily a good idea. I think the positive results of this program are undeniable; if anything, I would like to see the program expanded.
I am not sure I am in favor of expanding the program, but I would have liked to see it extended.
I am very excited to hear about the extension that has just been passed in the House. First time home buyers as well as home buyers that already own a home. Being a Portland Realtor, this will greatly help my business as well as all Realtors around the US. As they say, once the housing market is fixed then everything else will follow suit.
Kevin Levy
M Realty
http://www.RelocationToPortland.com/search