The Congress has passed H.R. 3221, and the bill is on the way to the President for his signature. Although there are many aspects of the Bill, the major piece of this legislation that I want all potential home buyers to be aware of right now is that there is up to a $7500 tax creit now available to first time home buyers on homes purchased beteween April 8, 2008 and June 30, 2009. The credit is available to joint borrwers that have an adjusted income of $150,000 or less and to single buyers that have an adjusted income of $75,000 or less. More is to come, but this is great news since in many areas the market has adjusted somewhat making many homes more affordable. Take advantage of this great opportunity along with competitive interest rates and buy your home. More information will be available shortly and you can view the information at