Bowen Family Homes Has What You Need

The extension of the 2009 tax credit has made 2010 the perfect time for first-time, repeat and move-up home buyers to purchase the home of their dreams.

Anyone looking to take advantage of this limited time offer might like to look at homes in one of the many Bowen Family Homes Communities. Each community offers residents with the best in home finishes, amenities and location. Bowen currently has 50 homes available that are eligible for the tax credit in various communities throughout Fulton, Forsyth and Gwinnett counties.

With homes ranging in price from $101,900 to $400,000 there is sure to be a home for every budget. First-time homebuyers are eligible for up to $8,000 and repeat or move-up buyers are now eligible for up to $6,500.

The tax credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010 and the home must close no later than June 30, 2010. Repeat buyers, are eligible for the tax credit if they have lived in their current home five consecutive years out of the past eight years.

Income limits for the tax credit have also increased to allow an even better chance of qualifying for the credit then ever before. Single taxpayers with incomes up to $125,000 and married couples with a joint income of $250,000 are now eligible. If your income exceeded either of these limits by $20,000 or less you might be able to qualify for a partial tax credit.

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