The Federal Housing Administration (FHA) last week announced they were in support of a program that would allow approved lenders, nonprofits, and state and local governments to fund short term loans that could be used as down payments to be repaid once the borrower received the tax credit. Congress approved the tax credit in February’s [...]
Entries Tagged as 'First time homebuyer tax credit'
FHA First-Time Buyer $8000 Tax Credit Allowed as Down Payment?
May 22nd, 2009 · No Comments · Mortgages
Tags: $8000 tax credit·boost housing market·federal tax credit·FHA·First Time Homebuyer·First time homebuyer tax credit·HUD·use tax credit for downpayment
Zero Percent Interest, 15-Year Loan Available: Interested?
August 22nd, 2008 · 2 Comments · Consumer Debt, Mortgages, Real Estate
That’s right, this is one of the “better” provisions included in the Housing and Economic Recovery Act of 2008, the much-hyped legislation which became law in late July of this year. Otherwise known as the “First-Time Homebuyer Tax Credit”, the provision gives homebuyers yet one more $7500 reason that it might be a good time [...]
Tags: First time homebuyer tax credit·government tax credit·homebuyer tax credit·housing and economic recovery act of 2008·housing tax credit
