Is the $8000 first time homebuyer credit still available?

The sellers and we have signed the contract yesterday. I heard that the credit may have been extended to September 30, but I couldn't find any informaiton on the web. Is that truth?|||If you were on active duty with the military AND stationed overseas the extension applies to you. For the rest of us, it expired 4/30|||Not true - what is being proposed is that the closing date limitation (currently you must close by June 30) may be extended for those people who had a signed contract on a house on or before April 30 and who will not close by the June 30 deadline. Thus, if you signed the contract yesterday, you did not meet the April 30 deadline.|||No.





There is talk of extending it but only for people who were under contract by 4/30.|||The tax credit for you is not applicable. The extension (if passed) will extend ONLY to those who were under binding contract on or before April 30. The reason for the extension consideration is that there are a few hundred thousand people who were under contract by the deadline, and lenders are bogged down with these applications, preventing those people from closing by the June 30 deadline. Since it's not those buyers' fault that they can't close by June 30, consideration is being given to extending the deadline so they can close later and still qualify for the tax credit.|||No. Your contract had to be signed by both you and the seller by April 30 and the transaction closed by June 30.





The possible extension you speak of is an extension of the closing date. If this provision passes, the contract still had to have been signed by April 30 but the transaction would have to be closed by September 30. You do not qualify for the credit.