Use your $8,000 tax credit as a down payment?
May 13, 2009It could happen, and soon. According to an article published at HousingWire.com, the FHA (Federal Housing Administration) may soon allow first-time home buyers who qualify for the quickly-growing-in-popularity government-backed FHA loans, access to their $8,000 tax credit at the closing table so that they can apply it towards a down payment. An official announcement was not to be made until next week, but the information was made public at a NAR summit this morning.
To read the full article, click HERE. For more info on first-time home buyer benefits, click HERE.
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