The $8,000 federal tax rebate is not just for first time homebuyers. Anyone who has not owned a home in the last three years is eligible too!

This tax rebate is part of the American Recovery and Reinvestment Act of 2009. The best part about it is the money does not have to be repaid back as long as the home you purchase is your primary residence for the next three years.

This deal is going fast--you have until December 1 of this year to purchase a home--in other words, your home loan needs to close by November 30, 2009. That means that you need a signed contract with the home seller by the beginning of November! That leaves you three months to find a new home.

What homes qualify? Single-family detached homes, townhomes, and condominiums, as well as new constructions.

Speak with your tax specialist about the details of filing for the rebate.

Kerry N. Greenwald, US Army/USAR, Sr. VA Loan Specialist

Clark County Fair--here we come! Our loan specialists and processing team are excited to join in on the Clark County Fair this year. Between August 7 and August 16, we will have a booth set up in the large Exhibition hall at the Clark County Fairgrounds. Stop by for some great giveaways, a free drawing for gift certificates, get more information on the $8,000 tax rebate, and ask questions about VA, FHA USDA, and Conventional home mortgages. Or, just stop in to say hello. Our loan officers with Army and Navy backgrounds are sure to enjoy swapping stories of their service with you. We are excited to have some realtors and escrow agents from the community joining us as well.

Stop by the red, white, and blue table--look for the United States flag, and you'll be sure to find us!

Kerry N. Greenwald, Service USAR/Army, Sr. VA Loan Specialist