MetLife Home Loans has good news - the Federal Government has extended the $8,000 first-time homebuyer tax credit!

In addition, a new tax credit up to $6,500 is now available for repeat and "move up" homebuyers.




Details and qualifying factors include:

First time homebuyers ... and those who have not owned a home in three or more years ... may qualify for the $8,000 credit.

Existing homeowners ... who purchase a new home as their primary residence may qualify for the $6,500 tax credit if they have owned their current home for five of the past eight years.

Both credits apply to home purchases with a sales contract by April 30, 2010 and that close by June 30, 2010.

Single taxpayers with incomes up to $125,000 and couples with incomes up to $225,000 may qualify for the full tax credit.

This tax credit will reduce your tax bill dollar for dollar.

Complete details and qualifying guidelines can be found on line at www.irs.gov.