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fha tax credit loan: ATTENTION VENTURA & LOS ANGELES FIRST TIME BUYERS: HUD Secretary Announces Monetization of $8,000 Tax Credit - 05/13/09 10:45 PM
U.S. housing officials are working on a plan that would essentially allow some first-time buyers to purchase homes.  They would be able to put the $8,000 income tax credit for first time buyers towards their down payment on loans backed by the Federal Housing Administration.
The FHA is finalizing a program that would allow approved lenders, non-profits, and state and local governments to fund short-term loans that could be used as down payments to be repaid once the borrower received their tax credit.  Once they received their tax credit, they would pay off the short-term loan and put equity into their … (5 comments)

 
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Donne Knudsen CalState Realty Services

Simi Valley, CA

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Los Angeles & Ventura Counties in CA

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