About Land O Lakes' Bay Lake

First Time Homebuyer Tax Credit of 2009 has been extended into 2010.

Most details for first-time homebuyers mirror the rules currently in existence. The maximum tax credit remains $8,000 ($4,000 for married individuals filing separately), and anyone who has not owned a home within three years is considered a "first-time buyer."

· A purchase must be under contract by April 30, 2010.

· A purchase under contract by April 30 must close no later than June 30, 2010.

· After Dec. 1, 2009, income limits rise to $125,000 for singles and $225,000 for married couples; up from limits effective through Nov. 30 of $75,000 for singles and $150,000 for married couples. The tax credit phases out incrementally at each $20,000 increase in income.

· Effective immediately: The maximum home value purchased cannot exceed $800,000. Prior to the law being signed, first-time homebuyers had no limitation on a home's cost.

This is wonderful news for those that needed a little extra time in getting ready to purchase a home.

With Tampa Real Estate prices so low, as well as very favorable mortgages with low interest rates, and the extension of the Homebuyer Tax Credit, all indications are that now is the best time to take advantage of the market conditions before home prices rise.

There are also 100% Financing Available in some large areas in Tampa Bay Florida. Other options are 97 1/2% FHA Financing, as well as 100% Financing on VA Loans. Your closing costs can be rolled into your loan or paid by the seller. It's a Win Win Win situation.

Please let me know if there is any way that I can assist you in finding a home of your very own so that you can personally attain Your Dream of Home Ownership.

Give me a call on my cell phone. Looking forward to hearing from you.

Warmly,

Stephanie LeFew

www.TampaHomeBuy.com

Tampa Home Buy Realty

813-624-3332 cell phone

Tampa Realtors and Tampa Real Estate for Sale at Reduced Prices

Buyer Incentives Available AND My Services are FREE to Buyers