3/31/10

April Deadlines

April 5 - FHA increases the upfront MIP from 1.75% to 2.25% (affects how much a buyer has to bring to the table)

April 5 - FHA decreases the amount a seller can give towards a buyers closing costs from 6% to 3% (affects how much a buyer has to bring to the table)

April 15 - Federal Tax Returns due

April 30 - File for Homestead Exemption if you purchased a home in the year 2009.

April 30 - Qualify for Federal Tax Credit for First Time Home Buyers and Repeat Buyers. A home must be under contract by midnight April 30th to qualify.