First things First! Thank you for keeping us all safe.
Yes that's true the $8000 tax credit is still available for some buyers. Who? -- Returning military! Yes our soldiers returning from duty outside the USA can still receive the $8000 tax credit. Since our soldiers were away serving our needs abroad and unable to take advantage the credit they received an extension until 2011.
Like all tax credits there are still guidelines & deadlines. The Buyer or Seller must be have a home under contract by April 30th 2011 AND must close by June 30th 2011. There is a section of the Home Builder Association Tax Credit Site that explains the terms of the extension.
If you pair this tax credit with the incentives offered with the VA loan program --you can get a really sweet deal on a new home or sell & take advantage of the $6500 upgrade tax credit.
The VA backed loans offer a
- 100% financing (no down payment)
- Great Rates
- Seller must contribute to certain loan related expenses
- Termite Inspection required.
- Most homes qualify
- Property will be inspected by a VA Certified Appraiser.
- Buyer must have Certificate of Eligibility.
- Many returning or disabled military qualify to have certain loan related fees waived.*
You must have a Certificate of Eligibility. If you need to apply or if you are wondering if you qualify check out eligibility. (You do not need to use VA financing to receive the tax credit )
* ask you lender how this applies to your situation.
If you need help buying or selling feel free to give me a call.
Find me at www.RelocateWithJen.com or Call 919-210-6295
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