Tuesday, April 13, 2010

Tax credit dates

For most people that first time homebuyer tax credits expire very soon. You must be ratified by April 30 and close by June 3o. If you miss it you lose 8,000 as a first time homebuyer and 6,500 as a repeat buyer. Other qualifications apply.

There is one group that this does NOT apply to though.
If you are in the military and served outside the US for 90 days between Jan 1, 2009 and April 30 2010 you have a one year extension. If you were forced to return to the US for medical treatment prior to completeing the 90 day overseas assignment.

Certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside the US.
You have the exact same April/June dates until 2011.

Please contact me to determine elgibility status. I specialize in VA loans and have a discount program for all active duty and retired military. There are also realtors I know in the DC, VA, MD area that I strongly recommend. I can be reached at 240-403-1970 or bmendelson@monarchmtg.com

0 comments:

Post a Comment