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fha: Using the $8,000 Tax Credit as a Down Payment on a Home in Massachusetts - 06/10/09 05:50 PM
Is it possible to use the $8,000 tax credit as a down payment when you purchase your home in  Massachusetts? 
Although this has not been the case to date the situation may soon change.
In a recent speech, Secretary of Housing and Urban Development, Shaun Donovan mentioned that the FHA is currently working on a proposal that may allow home buyers being able to use the $8,000 tax credit as a down payment.  Speaking to The National Association of Home Builders, he stated the Federal Housing Administration (FHA) will allow home buyers to apply the $8,000 first-time home buyer tax credit toward the purchase … (0 comments)

fha: The Return of the Down Payment - Massachusetts Blog - 12/12/08 06:04 PM
                                                     
 Until quite recently, home buyers had been treated to a myriad of low down and no down payment options for financing their home purchases.  With easy credit came less stringent requirements for loan qualification.  This included interest only loans, Option Arm's, 50 year loans, No-Doc loans (no documentation or verification of assets) and what some bankers referred to as NINJA loans, which was slang for No Income, No Job and No Assets. 
These banking practices along with a deregulatory frenzy have helped to set up the currently fragile state of our economy.  Foreclosures are at a record high and we are … (0 comments)

 
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Claudette Millette - Metrowest Mass Buyer Broker

Ashland, MA

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