HUD has announced that it will allow lenders to use the $8,000 tax credit as a down payment on a home mortgage. This is a change from having to wait for your 2009 tax return. Another help for that first time home buyer. Click on this link for more information.  

This sure beats having to wait for the tax refund!  The money can be used NOW!

Irene Tron
Making real estate fun in Valparaiso, IN
www.irenetronrealtor.com



 
Posted by Irene Tron on 05/13/2009 06:10 AM   Comments (7)   Down Payment in the ActiveRain Channel   real estate, valparaiso, in, porter county, tax credit  
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7 Comments on $8,000 Towards Down Payment - NOW not LATER!

MAY
13
2009

Irene, Thank you for sharing this information.  I hope you have a great week in real estate.
7:23am • #1
1,669,921 Points 138 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

This is great information.  I tried to get a bank to do that last week but no luck!
8:13am • #2
156,266 Points

This is a HUGE development.  I'm gonna start "spreadin' the news" to all my first time buyers who've been sitting on the fence.
10:11am • #3
236,366 Points 9 Featured Posts Hit Router

This is great news!  I heard it about it yesterday but wasn't quite sure how it would work.  The article helped explain it a bit better.  Thanks Irene!

~Chanda
11:17am • #4
MAY
14
2009
127,400 Points

Yes - I hope that there are not too many "strings" put on how to use these funds, but WOW, what a potential opportunity for a BIG chunk of the FTH market!!!

Have a blessed day!

Stieg Strand
4:49pm • #5

Irene, Isn't that great news! People are realy getting excited about it!! Best of luck!!
10:26pm • #6
MAY
15
2009
273,297 Points 2 Featured Posts Localism Sponsor Outside Blog

Hey everyone:  It is great news.  My first time buyer clients are excited also.  Let's get out there and let people know about this!
8:33am • #7


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