HUD Actions Allows First Time Home Buyers To Use $8,000 Tax Credit for Down Payments On FHA-insured Loans

By
Real Estate Agent with Keller Williams Realty Cityside

HUD action allowing first time home buyers to use the $8,000.00 tax credit for down payments on FHA-Insured loans is so far this year a good news for Professionals in the real estate industry in my opinion!! Click on the link below to read further.

 

http://www.nahb.org/news_details.aspx?sectionID=0&newsID=9233

Do you agree or disagree?

Posted by

Jay Badru

Certified REO Specialist

Keller Williams Realty Cityside

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Re-Blogged 1 time:

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  1. D B 05/13/2009 01:34 PM
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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Are you up to date? HUD withdrew the mortgagee letter with this option.

Do you know of a single national lender offering this option?

 

May 13, 2009 11:39 AM #1
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Jay Badru
Keller Williams Realty Cityside - Atlanta Naval Air Station, GA
Certified REO/Short Sale/Foreclosure Specialialist

Yes, 'am up to date. This just announced today. I don't know any single lender offering this option as of today, but click on the on the link on my blog to verify.

Thank you

May 13, 2009 11:45 AM #2
Rainer
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Lenay Wilson
Keller Williams Realty - Virginia Beach, VA

That would be great!!!  anything that will motivate the buyers is good news, Most first time  buyers do not have a downpayment. 

May 13, 2009 11:47 AM #3
Rainer
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Jay Badru
Keller Williams Realty Cityside - Atlanta Naval Air Station, GA
Certified REO/Short Sale/Foreclosure Specialialist

Lenay,

I agreed with you we need motivated buyer's these days, and this is a sure way to motivate buyer's

Thanks

May 13, 2009 12:06 PM #4
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Jay Badru

Certified REO/Short Sale/Foreclosure Specialialist
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