The credit will NOT be renewed. Due to changes in lending regulations the closings AVERAGE 45 days. If you want to take part in purchasing a home in this program and most importantly if you are financially ready please be aware that you need to make an offer soon. Banks do not care if you make the deadline. We have regularly seen closings that are supposed to close in 30 days but take and extra 3 weeks due to banking revisions and underwriting. It would be a horrible experience to lose the deadline by 1 week.