February 19, 2009

Benefits of the President Obama's Stimulus

1. Expansion of Home Improvement Tax Credit
2. Expansion of First-time Home Buyer Tax Credit
3. FHA & Conforming Loan limits Restored to $729,750 in High Cost Areas

Expansion of Home Improvement Tax Credit

This tax credit for installing energy efficient home improvements is now 30% of the cost of the improvement up to a maximum of $1500. Get the details here.

Expansion of First-time Home Buyer Tax Credit

This tax credit has increased from last year's $7,500 to a maximum of $8,000, and is no longer required to be paid back. Get the details here.

FHA & Conforming Loan limits Restored to $729,750 in High Cost Areas

This tax credit has increased from last year's $7,500 to a maximum of $8,000, and is no longer required to be paid back. Get the details here.

 

Best regards,

Sunil Sethi