Sarge 51,

All the answers seem OK on the surface, that if you have not owned a home in 3 years you will qualify
for the tax credit.....however, there are some VA loan requirements that your VA loan is not tied to that first house , and I guess you have checked all that out....can you use a VA loan more than once??

LauraScott@RealTracs.com

How exciting and congratulations on your new home! Of course, I always will tell you to consult an accountant for your final answer, but if you have not owned a home in 3 years you will qualify provided you meet certain income qualifications. I am including links for you to reference and I hope these will help.

http://www.usatoday.com/money/economy/housing/2009-06-22-hom…

http://www.federalhousingtaxcredit.com/2009/index.html

If you do qualify, you may amend your 2008 tax return and receive your tax credit now rather than having to wait until next year. It is a wonderful benefit for anyone purchasing right now. Good luck and congratulations again on your new home.

Congratulations on buying in Old HIckory! We have family there and visit often.

If you haven't owned a home in the last 3 years, you should qualify for the $8,000 rebate. I don't know ALL your circumstances, so it might be good for you to consult with an accountant or a tax preparer. Also, they would be able to help you file an amended tax return if you want to get your rebate this year instead of in 2010.

My site, http://www.HouseInNashville.com has a link on the home page to information on the rebate.

Sarah Rummage
American Realty Resources
Nashville TN

You can read more about this. click the link below.

Sarge - HI

You are considered a "first time home buyer" if you haven't owned a home in the past 3 years! As long as you sold that home from 1977 more than 3 years ago, and haven't owned any other home in 3 years, you are fine. . There are other qualifying issues such as income levels, and it must be a prinary home. Your closing date works fine.

Good luck, and don't spend your $8000 too fast!!
Debbie
Prudential NJ Properties