To be eligible for a tax credit of up to $8,000, first-time homebuyers have until the end of business on Nov. 30 to close their loans.
Historically, it has taken 30 to 45 days to close a loan. However, new appraisal and disclosure requirements that recently took effect may add extra time to the closing process. To ensure you are able to take advantage of the tax credit, apply for your loan today to allow ample time for it to close by the Nov. 30 deadline.
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# posted by
Tara O'Brien @ 5:10 PM