The home buyer tax credit is history for many FL home buyers still searching for their first or next FL home.  We were all hoping for some sort of extension which never came.  That is, unless you are a qualified US Veteran serving overseas.

Members of our US armed forces as well as number of Federal employees on official extended duty (any period of extended duty outside of the US, for at least 90 days, between the periods starting December 31st, 2008 and ending May 30th, 2010) have an extra 12 months to purchase their next FL home and still qualify for the $8,000 tax credit that has expired for others.

The extension allows Veterans or qualified Federal employees to secure a binding contract on or before April 30th, 2011 and close on their new FL home by June 20th, 2011.  Veterans do enjoy advantages when using their VA Entitlement towards a FL VA home loan.  But keep in mind, other mortgage programs available include; FHA home loans, VA Jumbo loans, Fannie Mae conventional programs, etc.

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