With President Obama signing the stimulus package , there is a brand new version of the tax credit for home buyers. You can of course get this credit when using your VA eligibility to buy a home. Here are some highlights:

2009 is a great year to buy, loan rates are very low, house prices are very reasonable and you get a tax credit for $8,000 if you buy a house.

The tax credit is only available if you have not owned a home for at least 3 years The amount of the credit is the lesser of $8,000 or 10% of the purchase price

Say you owe $3,000 in back taxes, you will get a $5,000 from the IRS. Not a bad reward for buying a house.

2009 is a great year to buy if you are a veteran. Prices are low, Interest rates are at historic lows and now you get money from the IRS

You could use the refund to buy nice new furniture for your new home.

FHA and Fannie Mae loan limits are now back to $729,000 in most of CA. You can get a lot of house in CA again for $729,000.

Give us a 858-922-7899 (direct)

FHA and VA Loan Specialist

858-922-7899 (direct)