$8,000 Military first time home buyer creditPosted by Brett Tousley on Thursday, July 8th, 2010 at 6:57pm.
$8,000 Military first time home buyer credit is alive and well until June 30, 2011. While the general population's $8,000 first time home buyer tax credit has now expired, Congress has extended the benefit for our active duty military members for an additonal year.
How does it work? Pretty simple, buy and close on a home prior to June 30, 2011 and receive an $8,000 credit towards your federal tax. If you normally get a refund, you can expect to receive an additional $8,000 on your check.
How do you know if you qualify? Basically, any active duty service member that has been deployed overseas for at least 90 days from Dec. 31, 2008, and ending before May 1, 2010. Whether you are headed to Ft Lewis or McChord from Korea, Japan, Germany or the sandbox you are most likely eligible for the tax credit.
Want to take advantage of the credit? Just give us a call and we'll help you determine if you qualify for the tax credit. We can also help you find a direct endorsed VA lender that can get you pre qualified over the phone or email.
Once you have a pre qualification letter in hand, we can begin to search for homes.
Brett Tousley is the designated broker and owner of NW Home Brokers. He can be reached at 253-820-2745 or email@example.com
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