The $8,000 first time home buyer tax credit will expire April 30th 2010. However if you are a service member serving overseas during this time you may still take advantage of this benefit because this law will extend your opportunity until April 30, 2011.
Any "Service member" serving at least 90 days between January 2009 and April 30, 2010 is eligible for the one year extension.
Exception to this rule is any service member forced to return to the United States due to medical reasons with less than 90 days during the dates above is still eligible.
Service member is defined as Armed Forces, US Foreign Service or Intelligence Community.
The service member must be in contract by April 30, 2011 and close escrow by June 30, 2011. To view the information from the IRS website CLICK HERE To view current mortgage rates and loan fees visit our website.
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Hi Nevin~ Hopefully those in the armed forces will take advantage of the extended tax credit!
Great info Nevin. Thanks for getting the word out. I didn't know this...
Excellent info Nevin! It's nice to see our servicemen and women getting this extension for all they do to maintain the freedoms we often take for granted.
Hi Vickie - I sure hope so!
Lee & Pamela - You're welcome! A lot of people don;t know about this.
Craig - I think as a nation it's the least we can do for them.
Nevin - Great info and it needs to keep coming out. Everyone will be talking about the expiration but this caveat for our VETS needs as much attention as possible. Thanks again. ~ Doug
Doug - Thanks! I will be contacting as many vets as possible. Thanks for stopping by!
Hi Nevin,
WOW...............That is Awesome!!!!!!
They certainly deserve some extra benefits
Thanks for the update
Great minds think alike, I just posted something about this also.
FYI - you may have noticed I'm making an effort to post comments on your blogs as we're both in the AR LO "club". Perhaps you could reciprocate? I've also made you an Associate.
Drew - I thought I had added yo already after our nice discussion. I'm sorry! I will definitely reciprocate and appreciate you bringing it to my attention.
Robert - yes they do!