My PSA: First time home buyers, don't forget your tax credit. (Tubac: 2009, financing)

[twojulybabies]

If you purchased a home after April 8th, 2008, you *may* be eligible for a big tax credit. Don't forget to claim it. I have attached the form.

You may qualify if you are a first time home buyer, OR haven't owned a home in the 3 years prior to April 8th, 2008.

*disclaimer* I am not a tax professional. Check with your tax professional to make sure you are eligible.

[GinnyFavers]

Is there any clue if this will be continued for 2009? We actually may buy our first home this year. This would be a huge help if it's continued.

[twojulybabies]

Yes, you have to close prior to July 1, 2009. Ginny, please look into financing too. There are still many programs available if you buy a house that is considered in a rural area. Tubac *should* qualify. Most programs still have 100% financing (with restrictions of course).

YMMV.

[GinnyFavers]

Sounds like something Pres. Obama would definitely want to extend into the rest of 2009 and maybe beyond! I'm not sure we'll be ready to meet a July deadline.