Can The $8,000 First Time Buyer Tax Credit Be Used as Downpayment?

By
Mortgage and Lending with Gibraltar Private Bank & Trust

Under a decision announced last week, the U.S. Department of Housing and Urban Development (HUD) will allow eligible first-time home buyers to use the tax credit authorized under The American Recovery and Reinvestment Act of 2009 during the actual home purchasing process.   However this Mortgagee Letter 2009-15 issued on May 11th appears to have been rescinded effective May 13th.  So in short, as it stands currently first time home buyers.....continue reading

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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Dec 08, 2016 07:41 PM