Mortgage Market Update - FHA Reinstitutes the Using the First Time Homebuyer Tax Credit

Mortgage and Lending with Premier Capital Mortgage


Just out this morning HUD mortgagee letter 2009-15 is now out.  FHA is now providing the guidance to help homeowners utilize the tax credit to purchase the home - thus not waiting to obtain the funds after the closing. 

Please note there are more guidelines to follow and I am sure some lenders may have their own set of rules in place once they are able to interpret this mortgagee letter.

I contacted HUD and there is going to be more information released on the HUD website soon to answer more questions and as always we will stay in touch to let you know the updates as they are released.


For an in depth explanation and daily update click on The Daily Rate Lock Advisory. 

5-Star Communication 
A copy of this newsletter can be found at Market Update.
also check out Quick Tips
and Home Loan Toolbox

Apply Online



Joe Farro
Premier Capital Mortgage




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
down payment assistance
first time homebuyer
first time home buyer tax credit

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Joe Farro

Ask me a question
Spam prevention

Additional Information