In November 2009, the Obama administration announced a revision and expansion of the existing tax credit for home buyers throughout the United States.
On April 30, 2010, this tax credit expired for most people, however, qualified Military personnel are exempt from the deadline.
We have provided a free report with all the latest information regarding this new tax credit.
Home Buyer Tax Credit at a Glance:
Please note: This free report applies to qualified military service personnel only
- The $8,000 tax credit is available for first-time home buyers only (have not owned a home in 3 years).
- The $6,500 tax credit is available for those who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
- For qualified service members who are ordered on a official extended duty, 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.
- Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000
qualify for the full tax credit. The credit is less if you exceed these income restrictions.
- The tax credit does not have to be repaid unless it ceases to be your primary residence within 3
years of purchase. However, for qualified service members who sell or move from a tax credit
home within three years of the initial purchase due to official extended duty are exempt from
repayment.
What You'll Get in the Free Report:
- Answers to some of the most commonly asked questions about qualifying for the credit
- Updated questions and answers from the IRS regarding the new tax credit
- The IRS form links and instructions needed to claim the tax credit
Get The Full Free Report With IRS Information Here:
By submitting this form, I/we understand Churchill Mortgage Corporation
and/or their Preferred Provider for our area and/or The Churchill Agency will receive the above information
to assist in obtaining a home loan.
I/we also authorize Churchill Mortgage
Corporation, The Churchill Agency and/or their Preferred Provider for our area to obtain a credit
report from a credit reporting agency, and to contact us regarding mortgage
and insurance services and products. The submission of this form does not constitute in any
way a formal loan application or a commitment for a loan.
