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President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of
2010! This program had been scheduled to expire on November 30, 2009.
In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up
opportunities for others who are not buying a home for the first time. If you are contemplating an FHA loan on your first home, you may qualify for an $8,000 tax credit! The new economic stimulus allows loan limits of $729,750, on both FHA and conventional loans.
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