National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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There is a definite possibility as the incentives for first-time buyers can change, but there is no promise. The best bet is to make a purchase and close before Nov 30th.
There are income limits to the credit allowing $75,000 for a single filer and $150,000 for a couple filing jointly. The IRS bases the credit on your modified adjusted gross income, and does not have to be repaid.
If you need help getting started on your home search, please give me a call. There are some great deals in the Eagle Rock/Glassell Park area that'd id be happy to send you!
Prudential California Realty
Hopefully, it will stay in place. Nobody knows for sure, but it has been a definite help in spurring the buyer market.
That said, if you or anyone you know is looking to purchase a home, there is no good reason to wait. Take advantage of everything that the market has to offer while it is still available.
If I can be of any further assistance, please do not hesitate to email or call me directly.
Have a great week!
Axiom Real Estate / Axiom Lending Group