Extension on First Time Home Buyer Credit Gaining Support in Congress

Good News! The First Time Home Buyer Credit I mentioned expiring in a previous post may be extended thanks to Sen. Johnny Isakson (R-GA) who has been tirelessly rallying Congress to extend the program. Isakson's proposed bill would not only help extend the program until the end of 2010, but it would almost double the $8,000 credit to $15,000 for qualified buyers. With 15 bipartisan co-sponsors so far, it looks like the bill may have a chance of passing through the Senate in the next few months.

Stay tuned over the next few months to see if this credit becomes available. Click Here for more information on Sen Isakson's bill.