HOMEBUYER TAX CREDIT TO BE USED AS DOWNPAYMENT

HOMEBUYER TAX CREDIT TO BE USED AS DOWNPAYMENT

The Federal Housing Administration recently announced that lenders will allow homeowners to use the $8,000 tax credit as a downpayment. The announcement came at The Real Estate Summit: Advancing the U।S। Economy, a special daylong session at the REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, DC this week. (May 12, 2009, NAR Press Release)