VA Home loans and Tax Credits

Question: Can I purchase a home using my VA certificate of eligibility and qualify for the new Federal Tax Credit?

Answer: Absolutely YES! you may apply for up to $6,500.00 in tax credit and use it with your VA Home Loans purchase. For more information regarding how to qualify for the tax credit click on this link FEDERAL HOUSING TAX CREDITS   

The Federal Tax credit recently enacted is a modification of the previous First time Home buyer Tax credit available until November 30, 2009.  The extended version of the subsidy allows you to occupy a different home by April 10, 2010 or up to June 30, 2010 if you are building a home and have a signed contract by April 30th. The new tax credit program allows you to borrower your VA Loan limit, but also allows you to get the $6,500 even if you have owned a home for 5 of the last 8 years.

If our questions are about form DD 214 for VA refinance or VA jumbo loans, you should call one of our loan officers 785-236-8860 email me at alierz@vahomeloanexpress.com

VA loans are just part of what we do at VA Home Loan Express. We can also analyze your situation and see if Conventional loans, FHA loans or a USDA Rural Development Loan may be a viable way to refinance your existing VA Home Loan.

Our Fort Riley Kansas patrons have been enjoying the Fort Riley historical trivia. I will keep on putting out the trivia questions. Let me know how you are doing with the trivia answers. Remember the answers to the trivia can be obtained by clicking the link below.

Once again, our prayers remain for the families of Fort Hood Texas as they recover from the November 5th tragic shooting


Fort Riley Kansas Trivia posted November 16, 2009

Q. In 1855, shortly after Fort Riley Kansas was established, 70 people died. From what cause did they die?
A. Pawnee Indian Battle of Republican River
B. Battle with Missouri Rebels protecting Kansas settlers
C. Cholera

Q. The primary mission of Fort Riley’s soldiers in 1853 was?
A. Rid the area of hostile Indians
B. Security for safe travel on the Santa Fe and Oregon Trails
C. Provide security for Junction City and Manhattan Kansas

Q. Today we have 2 Army bases located in Kansas. Fort Riley and Fort Leavenworth.
In the 1850’s how many Army bases were located in Kansas.
A.    7
B.    9
C.    10

Va Home Loans in declining real estate markets

This has proven to be an unprecedented time to purchase a home through VA Home Loans Express. With low home prices and low interest rates, owning your own home is more affordable than ever.