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8000 tax credit: First-Time Buyers: Now Get Your $8,000 Tax Credit "Up Front" for Down Payment - 05/15/09 01:03 PM
The U.S. government announced this week it is going to help some first-time home buyers with their down payment.
U.S. housing officials are working on a plan that would allow some first-time buyers to apply the $8,000 income tax credit toward their down payment on loans backed by the Federal Housing Administration. The idea is to allow home buyers to "monetize" the tax credit. Right now, home buyers must wait until they file their taxes to receive the credit.
The FHA program would allow approved lenders, non-profits, and state and local governments to fund short-term loans that could be used as down … (0 comments)

 
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