Podcast: Military still eligible for homebuyer tax credit

Click to listen to the podcast

Military personnel have one more year to take advantage of the federal homebuyer tax credit. Those who were serving overseas between January 2009 and May 2010 are eligible. Lucien Salvant, managing director of public affairs for the National Association of REALTORS® (NAR), said since some service members may be limited by financial reserves, REALTORS® can help by checking clients’ eligibility for a mortgage and  the tax credit before looking at houses. “The tax credit is designed to help those folks meet their down payment and monthly obligations by lessening that financial burden,” Salvant said. Service members have until April 30, 2011 to sign a sales contract and until June 30, 2011 to close on a home. Both the $8000 first-time homebuyer and $6500 move-up tax credits apply.

No related posts.

 Print This Article

Tags: Lucien Salvant, Military tax credit

This entry was posted on Monday, July 19th, 2010 at 6:00 am and is filed under NAR, Real Property Podcasts. You can follow any responses to this entry through the RSS 2.0 feed.