Qualified first-time and “move-up” homebuyers can receive welcome tax credits through the “Worker, Homeownership, and Business Assistance Act of 2009,” plus an additional $6,500 credit from Pratt Homes. We call it Stimu-Plus!

For first-time buyers, a tax credit valued up to $8,000 is available. It can be used on home purchases occurring between Jan. 1, 2009 and April 30, 2010. Also, for new home construction, this credit applies if buyers enter into a binding sales contract by April 30, 2010, and the home purchase is completed by June 30, 2010.

Are you a move-up buyer who has lived in your current home for at least five years? If you are ready to upsize, downsize, nicesize or simplify your living situation, this credit can help make your dream a reality.

Move-up buyers can be eligible for a tax credit up to $6,500 when they purchase a new home between Nov. 6, 2009, and April 30, 2010. Plus, they can receive credit when construction a new home, too! To apply the credit to new construction, a binding sales contract must be signed by April 30, 2010, and the home purchase completed by June 30, 2010.

Combine that with the $6,500 Pratt Stimu-Plus credit, and you can receive up to $14,500! Use it to buy down the cost of the home, pay closing costs, apply to upgrades, or whatever you would like! Call us today at 651-429-8032 to learn more! Or visit FederalHousingTaxCredit.com