Can a taxpayer who purchases a travel trailer qualify for the credit?

A travel trailer that is affixed to land may qualify as a principal residence.

Can an individual who has lived in an RV qualify for the credit?

For purposes of the first-time homebuyer credit, an RV with a built-in motor is personal property that is not affixed to land and does not qualify as a principal residence. Accordingly, someone who has owned and lived in an RV within the past three years may still qualify as a first-time homebuyer.

Although, Churchill Mortgage does not have a program available to provide loans for travel trailers or RV’s, we would be happy to refer you to someone who can assist you. Feel free to contact one of our Home Loan Specialist at 1-888-562-6200 for more information. Just make sure to have your purchase agreement signed by April 30, 2010 and the closing documents signed by June 30, 2010 to qualify for the tax credit.