Veterans currently on active duty that served 90 days or more outside of the United States in 2009 are eligible for the $8,000 first time home buyers tax credit until May 2011.
Unlike other first time home buyers, the 3 year ownership requirement is also waived if you need to sell the home within 3 years as a result of "official business."
This means that veterans who thought they missed their chance to qualify for the credit are now given another opportunity.
"These men and women are often hindered by hardships from full participation in the American Dream of home ownership because their duty disrupts them in the buying and selling of a home" said said NAR President Charles McMillan.
Returning Vets are now afforded the time necessary to begin planning for homeownership and time to search for employment without being under the gun to make a housing decision.
"NAR is the leading advocate for private property and home ownership issues, and firmly believes that those who are in service to their country should be full participants in the home buyer tax credit law," McMillan said.
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