Today HUD approved the $8,000 first-time home buyer tax credit for buying a new home to be used for down payment or closing costs with FHA loans. The catch: Finding someone to loan the money up-front against the forthcoming tax credit since no government agency wants to touch it. We’ll see how this pans-out. It could be a huge help for may first-time home buyers and those that haven’t owned a home in three years.
Entries tagged as ‘Mortgage’
HUD approves $8,000 tax credit to be used for down payment or closing costs
May 29, 2009 · Leave a Comment
Categories: FHA
Tagged: Closing Costs, Down Payment, FHA, Home Purchase, HUD, Loan, Mortgage, Salt Lake City UT, tax credit
