Huge news today!!  FHA has published a Mortgagee letter stating that they will in the future allow the down payment to come from the tax credit.  This is huge news as many first time buyers would like to buy a home and can make a payment, but are unable to find the money for their down payment.  This will solve the problem.  Soon more details will be released.  In the meantime, take this time to make sure you are pre-approved for a loan.  There may be credit issues you need to fix.  Use this time to get your "financial house" in order so that when the credit becomes available, you will be ready for your purchase.

Minnesota first time buyers should go to our website and begin the online application at http://www.VentureLoanApp.com

To see a copy of the mortgagee letter-go to http://www.Slideshare.net/mnguru  There are a number of other reports available as well  Ventrure Developement is Minnesota's Premier mortgage broker.