$8,000 from the IRS to buy a home
With President Obama signing the stimulus package , there is a brand new version of the tax credit for home buyers. You can of course get this credit when using your VA eligibility to buy a home. Here are some highlights:
2009 is a great year to buy, loan rates are very low, house prices are very reasonable and you get a tax credit for $8,000 if you buy a house.
The tax credit is only available if you have not owned a home for at least 3 years The amount of the credit is the lesser of $8,000 or 10% of the purchase price
Say you owe $3,000 in back taxes, you will get a $5,000 from the IRS. Not a bad reward for buying a house.
2009 is a great year to buy if you are a veteran. Prices are low, Interest rates are at historic lows and now you get money from the IRS
You can use your refund to do what ever you want with. A great vacation, a new car what ever.
The stimulus plan allows for an increase in the Fannie Mae and FHA loan limits for CA, the limit is now $729,000 in many parts of CA.
Give us a 858-922-7899 (direct)
FHA and VA Loan Specialist
858-922-7899 (direct)