VA Tax Credit Extended for 1 Year

By
Real Estate Agent with RE/MAX CENTRAL

Active-veterans who serve on an official, extended duty service outside of the united states for at least 90 days during the period of December 1st 2008 through May 1st 2010 will be granted a 1-year extension on the home buyer tax credit.  In other words, any active veterans who served overseas for over 90 days between the aforementioned dates can qualify for the same home buyer tax if they are in contract to purchase by April 30th, 2011 and complete the transaction by June 30th, 2011.  Any veteran who's thinking of buying a new home who served overseas during this timeline have an extra year to find a new home!
 
VA loans are $0 down....
VA appraisals are no longer coming in low.
VA appraisals are on a ten day turn around timeframe.

Comments (2)

Linda Land
Berkshire Hathaway HSCA Properties - Temecula, CA
This Land is your Land

Thank you for clarifying the dates and length of time.... I was hearing things through the grapevine but you were specific....Thanks

Apr 19, 2010 05:30 AM
Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Kimberly,this is a sensible move to help veterans get the same breaks as everybody else.

Apr 19, 2010 05:33 AM

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