Many people are aware of the home loan program for veterans created by the Veterans Administration. The VA loan program allows veterans to finance 100% of the purchase of a home for their primary residence. It's really the only zero-down mortgage that still exists.
There is also another benefit for military personnel that have recently served. Remember the first-time home buyer tax credit? That expired for us civilians last spring. But for military personnel that were deployed between January 1, 2009 and May 1, 2010 they have until April 30, 2011 to purchase a home to qualify for a tax credit of up to $8,000.
Here is a list of the reasons why Veterans and active military personnel have an amazing home buying opportunity:
- Tax Credit of up to $8,000 for purchasing a home by April 30, 2011
- Historically low interest rates
- Home prices reduced by 50% or more from their highs a few years ago
- Zero down payment required for those eligible for a VA home loan
If you or someone you know is a veteran or active duty military and is interested in buying a home. Please contact me at Homeowners Financial Group. 480-305-8509 or firstname.lastname@example.org.