Extended housing tax credit gives you a reason to buy now! Great news for homebuyers: The federal government has Rejectedextended a tax credit of up to $8,000 for qualified homebuyers!* That combined with current low financing from HomeAmerican Mortgage*** means there’s never been a better time to buy a Richmond American home! Tax credit for first-time homebuyers Qualified first-time buyers who contract on a home no later than April 30, 2010 and who close by June 30, 2010, may receive a tax credit of up to 10% of the purchase price of your new home (up to $8,000). Tax credit now open to current homeowners As part of the extension of the housing tax credit, qualified homeowners who contract on a home no later than April 30, 2010 and who close by June 30, 2010, may receive a tax credit of up to 10% of the purchase price of your new home (up to $6,500). To be eligible, at the time of purchase you must have owned and lived in your current principal residence for five consecutive years during the last eight years. Other requirements for first-time and current homebuyers This tax credit requires the purchase of a primary residence. Current or first-time homebuyers who take advantage of this credit are not required to pay it back if they stay in their new home more than three years. The income** limitations for qualified buyers are $125,000 for individuals and $225,000 for joint filers; however, a partial credit may apply for purchasers with higher incomes.** In addition, the purchase price of the home may not exceed $800,000. Other conditions and limitations apply to the tax credit, so contact a tax professional today to find out if you are eligible. Attention Military: Individuals who serve on qualified official extended duty and service† outside of the United States for at least 90 days after December 31, 2008 and before May 1, 2010, may get an extra year to take advantage of the tax credit. Conditions and limitations apply, so contact a tax professional today to see if you qualify.† Low rates It’s no secret that financing is lower than it has been. These incredible rates will not last forever. Homebuyers who want to enjoy the federal tax credit combined with great financing should act soon! Contact a tax professional today to find out if you are eligible for the tax credit. For more information, call the Homebuyer Resource Center at 888-500-7060. *This information is for general informative purposes only and does not constitute legal, tax, accounting, financial or other professional advice. Tax credit is subject to qualifications and limitations, homebuyers should contact a tax professional to discuss their particular circumstances and the applicability of the tax credit prior to making any purchase decision.   **Income limitations are based on “modified adjusted gross income,” as defined in Section 36 of the Internal Revenue Code.   ***HomeAmerican Mortgage Corporation, 6550 Greenwood Plaza Boulevard, Englewood, CO 80111, (866) 400-7126. Arizona Mortgage Banker License #0009265. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Colorado Mortgage Loan Originator License # LMB 100021093. Check the license status of your mortgage loan originator at http://www.dora.state.co.us/real-estate/index.htm. Illinois Residential Mortgage Licensee. Licensed by the N.J. Department of Banking and Insurance. Licensed by the Pennsylvania Department of Banking. Licensed by the Virginia State Corporation Commission, MC-358. In Nevada, all advertised loans offered and funded by HomeAmerican Mortgage Corporation which can be contacted at 7770 S. Dean Martin Dr., Suite D-8, Las Vegas, NV 89139 (702)638-4450, License #2073. The Richmond American Homes companies (RAH) and HomeAmerican Mortgage Corporation (HMC) are owned, directly or indirectly, by M.D.C. Holdings, Inc. and, therefore, are affiliated companies. Each of RAH and HMC offers services independently of each other, and if you obtain a product or service from one company, you are not required to utilize the services of, or obtain products from, the other company. Your decision to use a company that is not affiliated with RAH or HMC will not affect your ability to obtain products and services from these companies.   †“Qualified official extended duty” is defined in Section 121 (d)(9)(C)(i) of the Internal Revenue Code.   © 2009 Richmond American Homes, Richmond American Homes of Arizona, Colorado, Florida (CGC1514660), Nevada, Maryland (MHBR #299), Pennsylvania, Utah, Virginia, West Virginia (WV032024). In California, homes offered by Richmond American Homes of Maryland, Inc., California Department of Real Estate - Real Estate Broker, Corporation License #01842595. In Nevada, homes offered by Richmond American Homes of Nevada, Inc., Nevada Contractor License #0026417. In Utah, homes offered by Richmond American Homes of Utah, Inc. (866-400-4131).