Clock ticking: Homebuyer tax credit ends soon


The deadline to take advantage of one element of the American Recovery and Reinvestment Act (ARRA) is fast approaching.

First-time homebuyers might be eligible for a tax credit equal to 10 percent of the home’s purchase price, up to a maximum of $8,000.

But you have to make your purchase on or after Jan. 1, 2009, and before Dec. 1, 2009.

Ask your VHFA participating lender for details.