Posted on Friday, 29th May 2009 by chrisjones

Today Hud released rules allowing first-time homebuyers (FTHB) to use the $8000 federal tax credit as part of the down payment on their purchase of a home.  That’s good news, right?  Well, except for this part: Accordingly, the proceeds of the sale of the tax credit to FHA approved mortgagees, the seller, or any other [...]

Tags: ,
Posted in Blog & News, General, Rate Watch | Comments (1)