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Home » Store » News » Higher GSE, FHA Loan Limits Extended, Homebuyer Tax Credit Poised for Senate Vote

Higher GSE, FHA Loan Limits Extended, Homebuyer Tax Credit Poised for Senate Vote

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Congress and the White House are expected to extend and expand the first-time homebuyer tax credit until the end of April, with an additional 60-day extension if a binding home purchase contract is in place by that date. Under a late-breaking compromise, the $8,000 credit would continue for first-time homebuyers, and a new $6,500 credit for “step-up” homebuyers would be available to those who owned...
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