As part of the economic stimulus package, Congress created a first time home buyers tax credit of $8,000 to be collected at tax time. However, the US Department of Housing and Urban Development (HUD) plans to allow FHA approved lenders to provide home buyers with the up front cash to be used as an immediate down payment at closing (rather than at tax time).
$8,000 Tax Credit Used At Closing for Down Payment
Posted by admin on May 21st, 2009
Posted in 
Tags: 