Great News From HUD Today for Santa Clarita First Time Home Buyers There is a New Way To use Your Tax Credit

By
Real Estate Agent with JohnHart Real Estate CAL BRE 01461940

Many qualified new home buyers today are struggling to come up with a down payment to purchase in today's market today. There is great news fresh off the presses that helps FHA buyers.  Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment.

Donovan’s remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy.  Secretary Donovan said that important changes, which the National Association of Realtors® has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table. Again, this only applies to new home buyers, make sure to consult your tax adviser about this new change before you proceed with your purchase. If you would like to search for properties for sale in Santa Clarita go to your Santa Clarita First Time Home Buyers search. Just click on the buyers link to get your free no obligation Santa Clarita home search started.

 

                                                                                                        

Posted by
Jennifer Ricco | Retired LAPD

JohnHart Real Estate
24200 Magic Mountain Parkway Suite 100
Valencia, CA 91355
C  | 661.803.2093

W | JenniferRicco.com

Santa Clarita Women's Council of Realtors Treasurer|Secretary 2016 & 2017 

Soroptimist International Santa Clarita Valley Member

Selling Santa Clarita & Beyond Since 2004

LA | OC | Ventura

 

With 6 locations; Glendale, La Canada Flintridge, Burbank, Sherman Oaks, Palmdale, and Valencia I'm here to assist you with all your real estate needs 
 

Cal BRE 01461940

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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy there Jennifer

Welcome to the group, its a pleasure to have your fine post for First Time Home Buyers posted here.

This sure is some fine news, for First Time Home Buyers. Even more reason for First Time Home Buyers, to get out looking for their home to buy.

Your post has been featured in the A Exceptional First Time Home Buyers across America Group!

God Bless America 

May 13, 2009 02:28 PM #1
Rainmaker
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Jennifer Ricco
JohnHart Real Estate - Santa Clarita, CA

Thanks for the warm welcome Dale! My husband Gary and I are all about educating the public to make the best, most infomed decision when it comes to real estate. We strive to find the answers to questions before they are even asked.

May 14, 2009 03:56 AM #2
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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy there Jennifer

Your welcome!

You and Gary, sure are doing a real fine job of finding the answers for folks!

God Bless America

May 14, 2009 10:59 AM #3
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Jennifer Ricco

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