The Federal Government recently approved a limited time new tax credit for up to $7,500 for qualified first-time homebuyers for the purchase of their new home. And for a limited time, CamWest Development is offering a $7,500 Buyer Bonus to all first-time homebuyers as well. Now is a great time to buy your first home with help from CamWest and the US government!

To find out more about this important legislation and how it helps you, the American home buyer, visit: http://www.federalhousingtaxcredit.com/

NEW TAX CREDIT: Newly enacted legislation provides a tax credit of as much as $7,500 for first-time home buyers. Qualification for tax credit based upon first-time homebuyer status, income, purchase price of home and other IRS qualifications. Please consult a tax professional for complete details.

FIRST-TIME HOME BUYER: A first-time home buyer is defined as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests homeownership history of both the home buyer and his/her spouse. For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit.

CAMWEST $7,500 BUYER BONUS: The CamWest $7,500 Buyer Bonus is valid only on new purchase agreements presented to CamWest and mutually accepted between August 7, 2008 and December 31st, 2008. The $7,500 Buyer Bonus and proof of first-time home ownership status must be presented with the initial offer to CamWest. The Bonus will be provided as a credit at closing for upgrades and applicable closing costs. Offer subject to change without notice.