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First-time Homebuyers Social - Free!
Get on the fast track to owning your own home with help from industry leaders. April 6, 6-7 pm.
Food and drink provided. To learn more, call First Class Mortgage at 763-416-6789 or download the event flyer (2MB, PDF).

 

Warm Your Winter with the Expanded Home Buyer Tax Credit

On November 9, 2009, President Barack Obama approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010.

As part of a $24 billion economic stimulus bill, first-time home buyers can take advantage of a $8,000 home buyer tax credit for a limited time.

The program also offers a credit of $6,500 to homeowners who have lived in their current home for at least five years and are seeking to relocate.

Who is Eligible?

  • “First-time home buyers” who purchase homes between November 7, 2009 and April 30, 2010 are eligible for the credit. To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

  • Current homeowners who purchase a home during this same time frame are also eligible for a tax credit, as long as the home they sold was their principal residence for five consecutive years within the last eight.

  • All U.S. citizens who file taxes are eligible to participate in the program.

The home buyer must occupy the new home for three years or more. If the property is sold during the first three years, the full amount of the credit will be recouped on the sale.

Additional details regarding this credit may be obtained
at: FederalHousingTaxCredit.com.

To learn more about this exciting opportunity, stop in or call 612-321-4885 today. We want to help make your dream of home ownership a reality!


 

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What is Check 21?
  The Check 21 Act allows financial institutions to process checks electronically. This decreases processing time and transportation costs, while reducing the likelihood of items being lost or destroyed in transit.
  Please be aware: Check 21 dramatically decreases the "float time" between when you write a check and when it clears your DCU account. If you have any questions concerning Check 21 and its implications for you, call us at  612-321-5300, 507-833-4320 or 800-333-7757.

 DIVERSIFIED CREDIT UNION
Linden CenterPoint Branch 612-321-5300   
Outside Metro: 800-333-7757   		 LaSalle Plaza Branch 612-321-4964   
Waseca Branch 507-833-4320

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