The Secretary of Department of Housing and Development, Shaun Donovan said yesterday that FHA would permit lenders to allow first time borrowers to use the $8,000 tax credit recently put into law as all or part of a down payment on a home. Read more here. Details of the plan will be published soon.
$8,000 Tax Credit can be used as down payment
About the Author: Marco Kronen
Marco Kronen is the author of Seattle Condo Review and is real estate agent in Seattle who specializes in condos. He has been serving clients in Seattle since 2004.