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Just Announced - New Construction, Second-Time Home Buyer Stimulus $6,500 Credit

When the feds introduced the $8,000 Home Tax Credit program for first-time home buyers, there were some skeptics out there. They thought it wouldn’t do much good.

How wrong they were!

The program is so popular that it’s been extended into 2009 and expanded to include second-time home buyers!

Now, we know you want to get into a new home fast so here are the details on the program.

If you’re a first-time home buyer, the tax credit remains the same - $8,000.

However, there’s been a wonderful change in terms of the income range. It’s been expanded as well!

Now, the credit doesn’t begin to phase out until your modified adjusted gross income exceeds $125,000 for single filers or $225,000 for joint filers. The old phase-out thresholds were $75,000 and $125,000, respectively.

And now for even better news if you already own a home but want to build a new one. The program has been expanded to cover you if you’ve lived in your current principal residences for at least five out of the last eight years.

Your maximum credit will be $6,500. Yup, it’s lower than that of a first-time home buyer, but, what the heck, it’s still a substantial amount of money!

So, whether you’re a first-time home buyer or a current owner, contact us right now at 402.680.2500 to learn the details of the program!

Don’t wait! It takes six months to get that new home built so the time for action is now!

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