NJ First Time Home Buyer Tax Credit LOAN - 04/20/09 07:09 AM
NJ First Time Home Buyer Tax Credit LOAN
http://www.state.nj.us/dca/hmfa/consu/buyers/ownprg/tclp.html
It looks like everybody is doing it again - helping First Time Home Buyers (FTHB) - Buy a Home with another LOAN package. I hope that for the sake of the first time home buyer (FTHB) that this doesn't become a nightmare.
Basically, this sounds like the FTHB is going to borrow money from their own future 2009 Federal Tax FTHB Credit of up to $8,000.
Therefore, if the buyer needs additional money for down payment and/or closing cost - they could go to their state agency - borrow up to $5,000 … (2 comments)