Will You Take Advantage of the $8,000 First Time Buyer Credit?

I’ve been working with a lot of first time buyers this year. Many of them have been motivated by the $8,000 first time buyer tax credit that the government is offering. A good number of them have already closed on a property and are set to receive their refund next year when they submit their Federal Income Taxes. Some of my buyers are still looking though. They are waiting for the right house. Or they

$8,000 First Time Buyer Tax Credit Change

In keeping up with the latest news, there was been a significant change in one of the current Administration’s tax credit programs. Yesterday, the Secretary of HUD announced that FHA is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment when obtaining a government insured mortgage. This is a change in the way that the program had been setup when it arrived as part of