Feds reverse rule to assist first-time home buyers - Tax credit ineligible for down payment - 05/20/09 04:18 PM

Federal officials on Monday May 18, 2009 reversed an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home.
A week earlier, U.S. Department of Housing and Urban Development Secretary Shaun Donovan had told the National Association of Home Builders that HUD would let banks and local governments offer short-term "bridge loans" to cover the down payment for first-time buyers eligible for the tax credit. The loans would have been available to applicants for federally insured mortgages such as Federal Housing Administration loans.Lenders, home builders and real- estate agents … (0 comments)

 

Susan Waiste : Managing Broker

Monroe, WA

More about me…

John L. Scott, WDV

Address: 14815 Chain Lake Rd. Ste A, Monroe, WA, 98290

Cell Phone: (425) 210-6513

Email Me

<!-- Start of StatCounter Code --> var sc_project=3434393; var sc_invisible=1; var sc_partition=38; var sc_security="142573b6";


Links

Archives

RSS 2.0 Feed for this blog

Find WA real estate agents and Monroe real estate on ActiveRain.