Homes for Sale in Warner Robins GA: Federal Housing Tax Credit | Military Tax Credit

Wednesday, December 1, 2010

Federal Housing Tax Credit | Military Tax Credit | Robins Air Force Base, Warner Robins GA

Foreign service, intelligence community, and military personnel...did you know the Federal Housing Tax Credit is still available to you if you meet the criteria listed below?

This tax credit has already ended for the general populace..your outstanding service to our nation gives you a year longer to take advantage of this program.
Qualifications

Had an extended duty outside of the U.S. between January 1st, 2009 and May 1st, 2010
- Exceptions apply for those who had to return early because of medical issues
Must enter into a binding contract before May 1st, 2011
Must close on your home before July 1st, 2011
First-time buyers can qualify for up to $8,000
Repeat buyers can qualify for up to $6,500

Restrictions

Homes to be purchased must be less than $800,000
Gross income for single individuals must be less than $145,000
Gross income for joint tax filers must be less than $245,000
Home buyer must be at least 18 years old
For first-time buyers, selling the house our not using it as your principal residence within 3 years of purchase may make you liable for recapture of the tax credit (can be waived)
For repeat buyers, you must own/live in the property for 5 consecutive years (can be waived)

Federal Housing Tax Credit | Military Tax Credit - Courtesy of Warner Robins Real Estate | Homes for Sale in Warner Robins GA

If you're relocating to Robins Air Force Base, or are already stationed here in Warner Robins GA, the tax credit could mean significant savings to you. With savings up to $8,000 for first time buyers and up to $6,500 for repeat home buyers, NOW is the time to buy a home in Warner Robins, Houston County, or a surrounding community!

Visit my Warner Robins Realtor website to preview a complete list of Homes for Sale in Warner Robins or to Search for Homes in Houston County GA.

When you're ready to buy, call me at (478) 960-8055 for all your Houston County and Warner Robins Real Estate needs.