Foreign service, intelligence community, and military personnel...did you know the Federal Housing Tax Credit is still available to you if you meet the criteria listed below?
This tax credit has already ended for the general populace...your outstanding service to our nation gives you a year longer to take advantage of this program.
Qualifications
- Had an extended duty outside of the U.S. between January 1st, 2009 and May 1st, 2010
- Exceptions apply for those who had to return early because of medical issues
- Must enter into a binding contract before May 1st, 2011
- Must close on your home before July 1st, 2011
- First-time buyers can qualify for up to $8,000
- Repeat buyers can qualify for up to $6,500
Restrictions
- Homes to be purchased must be less than $800,000
- Gross income for single individuals must be less than $145,000
- Gross income for joint tax filers must be less than $245,000
- Home buyer must be at least 18 years old
- For first-time buyers, selling the house or not using it as your principal residence within 3 years of purchase may make you liable for recapture of the tax credit (can be waived)
- For repeat buyers, you must own/live in the property for 5 consecutive years (can be waived)
If you're relocating to Robins Air Force Base, or are already stationed here in Warner Robins GA, the tax credit could mean significant savings to you. With savings up to $8,000 for first time buyers and up to $6,500 for repeat home buyers, NOW is the time to buy a home in Warner Robins, Houston County, or a surrounding community!
Visit my Warner Robins Realtor website to preview a complete list of Homes for Sale in Warner Robins or to Search for Homes in Houston County GA.
When you're ready to buy, call me at (478) 960-8055 for all your Houston County and Warner Robins Real Estate needs.
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