El Paso County now has $25 Million in bond money to assist home buyers! Want to know more? Contact me now!

New Home Buyer and Move-Up Buyer News!

*The expiration date for the credit is April 30, 2010, and you must be under contract, and close by June 30, 2010.

*First-time buyers who have not had interest in a principal residence for three years are still eligible, and the maximum
amount remains the same $8,000 for married couples, $4,000 for those filing separately.

*Current homeowners, who have consecutively maintained the home they want to sell as their primary residence for five
of the last eight years, are also eligible. However, the maximum amount for those homeowners is lower: $6,500 for
married couples and $3,200 for those filing separately.

*The tax credit may not used to purchase a home for more than $800,000. All buyers who want to get the credit must
include documentation of the purchase on their tax returns.

*The income limits for both tax credits have been raised to $125,000 for single buyers and $225,000 for married couples.