Edit It's NOT happeing...
Or your "up to $8,000." (It is a 10% tax credit.)
First Time Home Buyers Tax Credit
Breaking News from the National Association of REALTORS® Mid Year meetings:
"The biggest news was HUD Secretary Shaun Donovan’s announcement that funds from the $8,000 First-Time Home Buyer Tax Credit would be available for FHA financing, which would permit home buyers to monetize their tax credits for down payments. He promised additional details about this in his keynote address. Stay tuned for more info!"
A loan up front? Stay tuned to this blog as more news is coming soon...
Or contact me NOW and we can start working on getting you into a home.
More about buying that Central Ohio home:
First time buyer tax credit income limits
Buying a home; It's about time
Buying a home in Central Ohio should not be scary
Search for Homes Maureen McCabe Real Living HER Worthington
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This post was written by Maureen McCabe of Real Living HER
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Hey Maureen,
8k towards down payment? I thought it was for closing cost? Interesting.
Loan up front, use it for closing or downpayment. I know some states have already announced loan programs in their states... TN for one.
Hi Maureen: I can't wait to hear the details! Thanks for the info.
Maureen, You and Lenn are on the same page this morning with this article."""
''.... credit as a downpayment.Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax''
Maybe this will get some buyers/houses moving! Thanks for sharing!
Margaret and Ed... Missy did it this AM too...
I wrote it yesterday on my two outside AR blog and this morning on my WordPress blog...