Signed by the President today -

To qualify for the credit, escrows must be opened by April 30, 2010 and closed by June 30, 2010.

The amount of income someone can earn and qualify for the full amount of the credit has been increased: Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

There is also a new tax credit of $6,500 for move-up buyers (people that have owned a home during 5 consecutive years
of the last 8 years).

The maximum price of the purchased home must be no more that $800,000.
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There is more information concerning these tax credits with respect to restrictions and additional aspects of obtaining the credits. If you have any questions regarding how this infromation relates to a home purchase, please call us or the very competent home loan consultant who very promptly provided this information to us who is listed below. The answers to any questions regarding specific tax credit information regarding your personal situation should be obtained by consulting your tax advisor.
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If you are thinking about buying your first home or moving up, this is an opportunity that should not be missed. Please do not hesitate to call us with any questions you might have.

Suzanne and Gary
The DominguezTeam
Real Estate Brokers
Keller Williams Tri-Valley Realty
925-596-1918, 925-596-0169

Casey Sullivan
Sr. Mortgage Consultant
RPM Mortgage, Inc.
Phone: (925) 789-0065
DRE Licentse #1351355
csullivan@rpm-mtg.com
www.rpm-mtg.com/csullivan
RPM Mortgage