The stimulus package has now been signed into law and the tax credit for first time homebuyers will be a topic that everyone wants to know more about. Below are the new changes.

$8,000 Home Buyer Tax Credit:

1. First time homebuyers only

2. NO longer has to be repaid

3. Tax credit is equal to 10% of purchase price up to max of $8,000.

4. Credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009

5. Single Tax payers with incomes up to $75,000 and Married couples with incomes up to $150,000 qualify

Please take time to visit www.federalhousingtaxcredit.com <http://mail.homefundingfinders.com/exchweb/bin/redir.asp?URL=http://www.federalhousingtaxcredit.com/> for some immediate answers to frequently asked questions.