Good News for 1st Time Homebuyers:
On Friday, the U.S. Department of Housing and Urban Development (HUD) announced that first-time homebuyers using FHA-approved lenders can now get an advance on the $8,000 tax credit created by the stimulus package and apply it toward their down paymentsor closing costs
Basically, instead of waiting to get the $8,000 tax credit, first time home buyers can get the $8,000 for the down payment. This is huge especially for people who have been approved or are awaiting approval, but do not have the down payment for a house. And we all know what’s good for the residential market is good for the commercial market.
Here’s the full article from CNN MONEY: $8,000 HUD TAX CREDIT NOW!
June 1, 2009June 1, 2009
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