$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