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Under the new law-Worker, Homeownership and Business Assistance Act which is now a new law as of November 2009, individuals and there spouses who serve on qualified extended-duty service outside the country for at least 90 days between January 1st, 2009 and April 30th 2010 with have an extra twelve month to buy and close on a home in order to take advantage of the tax credit. So, they would have to buy a new house by April 30th, 2011 and close on this home within a 90 day time frame.
Another cool twist is that the veteran won't have to pay back any of the credit if he/she has to move at least 50 miles away for new deployment that will be expected to last 90 days or longer.
To find out more benefits for Minnesota Veterans visit Minnesota Veteran Loans
To begin a Minnepolis St Paul Home search go to Minneapolis Real Estate
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