First Time buyer Tax Credit expires soon

If you are in the market for a new home you may want to consider the timing of your closing date.  The much publicized first-time homebuyer tax credit is set to expire at the close of business on Monday November 30th of this year.  There has been a lot of mis-information published about this tax credit and one of them has been this date.  We still hear a lot of people talking about "buying before the end of the year to get the tax credit." It is very important to know that any closing that takes place after November 30th will not qualify for this $8,000 tax credit as it stands now.There is talk of Congress extending this tax credit but I wouldn't want to bank on it if i had $8,000 at stake.  For more in-depth information on the first time buyer tax credit please visit this official site:  www.federalhousingtaxcredit.com .  It contains all of the information you'll need.  If you can take advantage of this opportunity, with very favorable market conditions, historically low rates, and an $8,000 free gift from the government there hasn't been a better time to become a new homeowner.  Also, contrary to what the media is preaching there are some great loan programs available that don't require perfect credit. (see our blog on First time buyer loans)