Many VA borrowers across the state of California may owe some excess state or federal taxes from previous years that show up on their VA credit report as an existing tax lien. The good news is VA home loan requirements allow borrowers to be approved for a VA loan even if they have an existing tax [...]
Irs
VA Loan Requirements With Tax Lien in California
by rob on August 31, 2011 · 1 comment
“Serial Home Buyer” Strategy Perfect for Military Buyers Who Get a VA Loan
by rob on February 21, 2010
A number of years ago the IRS created the rule where if you occupy a house as your primary residence 2 out of the last 5 years, when you sell the house you pay NO taxes at all on the profits from the sale. This rule is perfect for active military members to take advantage [...]
Important New Facts About $8,000 Tax Credit And Your VA Loan
by rob on December 4, 2009 · 9 comments
As mentioned in earlier posts, the $8,000 federal tax credit was extended to April 2010. This can enable you to get $8,000 back from the IRS for buying a home and $6,500 if you are a move up buyer. Here are some important additional facts about the tax credit: 1. You must buy – or [...]
