First time home buyers, Loan Information, Loan Programs, Northern Virginia Real Estate

First-time homebuyer tax credit extended

The Homebuyer Assistance and Improvement Act of 2010 extends the closing date requirement for the first-time homebuyer tax credit from June 30, 2010, to September 30, 2010. This gives qualifying individuals who, prior to May 1, 2010, entered into a binding written contract to purchase a home, an additional three months to close on the purchase.   Click on the title above and watch the video for additional information.