Well, looks like we got an extension on the $8,000 tax credit until the end of the year. The only thing wie have to do now is to get more people qualified to take it. Now something has to be done for people who don't qualify for it.
Banks are no longer lending money to anyone who does not have a perfect score. You have to have a minimum of 620 and then have 3%-5% to put down. You can use the $8.,000 as an additional down payment, but you will still need your own down payment.
They have done away with all of the downpayment assistance programs. But you can still get a gift from a family member, that doesn't have to be paid back. Sellers can still pay your closing costs.