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Attention First time buyers $8,000 tax credit could be used for down payment.

Shaun Donovan, HUD secretary announced that FHA will allow the $8,000 tax credit to be used for down payment at a NAR conference yesterday.  We do not expect any details on the program from HUD until next week.  His comments seem to have traveled through the real estate industry very quickly and we are getting a lot of questions already on it.  I will share more information as I learn it. 

Comment balloon 0 commentsNelya Calev • May 13 2009 03:44PM
Attention First time buyers $8, 000 tax credit could be used for down…
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Shaun Donovan, HUD secretary announced that FHA will allow the $8, 000 tax credit to be used for down payment at a NAR conference yesterday. We do not expect any details on the program from HUD until next week. His comments seem to have traveled… more