Home buyer tax credit extension approved
Congress approved the extension and modification of the home buyer tax credit. Now veteran using VA loans to buy homes have until 30 April 2010 to sign a home contract. Homes must be closed by 30 June 2010.
Members that have been deployed for 90 days or more between 1 Jan 2009 and 1 May 2010 have been granted an extension until 30 April 2011 to sign a contact on a home.
This new credit is 10% of the purchase price up to $8,000. Any home purchased over $80,000 wil lget maximum credit of $8,000!
This tax credit applies to first time home buyers, and previous home owners that have not owned a home in the last 3 years. Additionally, current home owners of 5 years or more that are selling their current home and will buy another will get a maximum $6,500.
Hurry, this is a limited time government offer!
