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FTHBC

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Anonymous
Not applicable

FTHBC

I was wondering if you had to close by April 30th or be under contract by April 30th to qualify for this credit.

Message 1 of 5
4 REPLIES 4
lkcrew426
Regular Contributor

Re: FTHBC

Be under contract, as long as you close by June 30 I believe.

Message 2 of 5
BrianB_The_Loan_Professor
Valued Contributor

Re: FTHBC

This is my understanding as well
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Brian B The Loan Professor
Mortgage Banker - offering FHA, VA, USDA , and Conventional mortgages in all 50 states -

If I do not respond to a follow up question please feel free to contact me directly
Message 3 of 5
ShanetheMortgageMan
Super Contributor

Re: FTHBC

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

 

Under the new law an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.

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Message 4 of 5
Anonymous
Not applicable

Re: FTHBC

Thank you for the answers!

Message 5 of 5
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