I have found a super chart (compliments of Realtor.org ) that highlights all the major changes for the first time home buyers credit between the July 2008 version and the most recent one in January 2009. See Chart.   All of you first time home buyers (i.e., anyone who has not owned a home within the last 3 years) really need to take a look at this.

The major highlights include:

1.  Increased credit amount from $7,500 to $8,000
2.  NO repayment required in the 2009 version
3.  Buyers who utilize the program can still obtain downpayment assistance from NC Bond and House Charlotte

With mortgage rates down in the 4’s this quite possibly is “an offer you just can’t refuse”.  If you have any questions about the chart or the credit itself please email or call me.  I would love to help you better understand this incredible offer.

Ciao Bella