As of right now, you only have until June 30th to close on your future home loans, in order to qualify for the $8000.00 tax credit being offered by the government.  the $8000.00 is for first time home buyers.

If you are an existing home owner and are closing on a new home, which will be your primary residence, then you qualify for a $6500.00 tax credit.

A word of advice, only close on homes that have value, that will have value over time, and that you can afford.  Do not set out to purchase a home and incorporate the tax credit as part of your equation.  You either have the funds or job security to afford what you want to but or you don’t.

For More Information you can visit National Association of Home Builders