In a city of over 600,000 where one third of the population are either retired or active military or family of active military, you can imagine the support that military personnel receive in Colorado Springs.  This is a military town and we love having you here.

The military has a rich history in El Paso County with Fort Carson, The United States Air Force Academy, Peterson Air Force Base, Schriever Air Force Base, and NORAD at the Cheyenne Mountain Air Force Station.  And, USAA’s (United States Automotive Association) Mountain States Regional Office, offering competitive banking, financial planning, insurance and home mortgages to military, is also located in Colorado Springs.   Our military families help make Colorado Springs a great place to live.  With five military installations in our backyard, we would like to think that we’re a welcoming destination for today’s military families.

Understanding how difficult a PCS relocation can be on our military members and their families, Campbell Homes seeks to provide you with a peace of mind home purchase and a smooth transition by accepting USAA Mortgage as the preferred mortgage lender for your new home in Colorado Springs.  Campbell Homes will gladly work with you and USAA Mortgage to provide a timely and low stress closing for your new Campbell Home in any of our seven communities.

Additionally, we want to take this opportunity to remind you, that as a military service member, you may still qualify for the $8,000 tax credit for first-time home buyers or $6,500 for repeat home buyers.

Based on unique circumstances affecting members of the military, the Foreign Service and the intelligence community, Congress has made the following exceptions for first time and repeat home buyers:

Extension of Tax Credit Deadlines

• The home buyer tax credit is available for qualified purchases with a binding sales contract in place on or before April 30, 2010 and closed by September 30, 2010.
• However, for qualified service members who are ordered on a period of official extended duty, these dates are extended. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.
• A person who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended duty outside of the United States may qualify for the one-year extension.

Exemption From Tax Credit Recapture Rules

• Typically, homes that are sold or that cease to be used as a principal residence within three years of the initial purchase are subject to recapture of the tax credit.
• However, qualified service members who sell or move from a tax credit home within three years of the initial purchase due to official extended duty are exempt from the recapture rule.

Definitions

• “Qualified service member” means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community.
• “Official extended duty” means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010.

Additional resources are available to assist military families relocating to Colorado Springs:

• Military.com
• Military Spouse Resources
• Military Spouse Tuition
• Military Relocation
• Military Home Buying Tax Credit
• Homestead Tax Exemption

If you are a military or retired military family relocating to Colorado Springs, Colorado, let our Campbell Homes New Home Specialists help make your move to the Pikes Peak Region a smooth transition. As you search for your new home, you’ll find a lot of builders offering you the lowest priced product in town.  You’ll also find a lot of builders talking about “quality construction” as if it were an amenity.  Or, a grand gesture deserving a pat on the back.  But at Campbell Homes, we see it differently.  To us, quality is simply doing the right thing every time out, no matter what the project.  It means designing the best plans, investing in the best building materials, hiring the best team of craftsmen and offering our military home buyers the fairest pricing for the best built home on the market.

Our communities are conveniently located to the Air Force Academy, Peterson Air Force Base and Schriever Air Force Base.  You will also find our neighborhoods provide for a stress free commute to Fort Carson and NORAD. Our neighborhoods are located in the finest locations and master planned Colorado Springs Communities with excellent amenities and the best schools in Colorado Springs.

To find out more information on purchasing your stylish and comfortable NEW Campbell Home with peace of mind and your USAA Mortgage benefits, visit any of our Colorado Springs locations. Priced from the low $200s, Campbell Homes’ models are open daily to 6 p.m.  Or, for additional information visit our virtual sales office at www.CampbellHomes.com.