On November 6. President Obama signed into law a $24 billion economic stimulus bill providing tax incentives for homeowners and prospective homebuyers. The bill extends $8000 first-time home buyers tax credit program and includes a new $6500 credit to current homeowners. About 1.4 million first-time homebuyers have qualified for the credit through August. With the signing of the bill prospective home buyers may qualify for the tax credit and up to a $625,000 loan with participating lenders.