Mortgage Updates

Who is letting our service men and women know that potentially they have until April 2011 to buy a home and qualify for the $8,000 cash tax credit? 

If it isn't you, as a Realtor or Lender, then everyone is missing out.

• The home buyer tax credit is available for qualified purchases with a binding sales contract in place on or before April 30, 2010 and closed by September 30, 2010.
• However, for qualified service members who are ordered on a period of official extended duty, these dates are extended. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.
• A person who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended duty outside of the United States may qualify for the one-year extension.

This information was provided by the National Association of Home Builders.  For more information click here.