The Home Buyer Tax Credit has been extended & now includes existing home buyers as well! Sign a contract to purchase a home by April 30, 2010 and close
on the loan by June 30, 2010 and you may be eligible for a tax credit!*

Who is eligible for the extended tax credit?
First –time home buyers who sign a contract to purchase a home by April 30, 2010 and close on the loan by June 30, 2010. Current home owners who sign a contract to purchase a home by April 30, 2010 and close on the loan by June 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

Can a buyer still qualify if the loan closes after April 30, 2010?
Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until June 30, 2010 to close.

Are there income limits for claiming the tax credit?
Yes. The income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. Effective November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000 may receive the maximum tax credit.

Does the tax credit need to be repaid?
No. This tax incentive is a true tax credit. However, home buyers must use the residence as a principal Residence for at least three years or face recapture of the tax credit amount. Certain restrictions apply.

What types of homes will qualify for the tax credit?
The Extended Home Buyer Tax Credit may be applied to primary residences – including: single-family homes, condominiums, townhouses, and co-ops.

We realize that you may have many more questions than we can address here. We urge you to contact a WesBanco Mortgage Specialist for all of the details on how to take advantage of this special opportunity.

Call the WesBanco Mortgage Group today for complete details!
1.877.682.7944

*These are some questions and answers provided by the National Association of Realtors to provide basic information about the Extended Home Buyers Tax Credit 2009/2010. For more specific questions/information, you are strongly encouraged to consult a qualified tax advisor about eligibility.