The U.S. House of Representatives has passed H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008. The Senate concurred this past weekend.
This bill includes a temporary, $7,500 first-time home buyer tax credit which many believe will jump start the housing market and bring first time buyers off the sidelines. This $7500 tax credit would be available for any qualified purchase between April 8, 2008 and June 30, 2009. The credit is repayable over 15 years.
In addition to the First Time Home Buyer Tax Credit, H.R. 3221 includes FHA reform and FHA Foreclosure Rescue. To see the full information on H.R. 3221 and how it can impact you click here
If you are a first time Home Buyer and would like to enlist my assistance in finding a home in the Southwest PA area give me a call or visit my website to search for homes at www.FayCoHomes.com. As a Buyer Specialist, I can help you find the home of your dreams and use my skills to negotiate the best price and terms possible.
RE/MAX Professionals
Rachel Agostini, REALTOR, Buyer Specialist
724-437-7539 office or 724-323-3974 direct