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05/15/2009

$8000 Tax Credit can be used as Downpayment

By Sara Huebener

I have some incredible news for anyone who knows of someone looking to buy their first home.  The $8000 First TIme Homebuyer Tax Credit has once again been modified, and the news is great!!  The $8000 can be used towards a downpayment if the buyer is using FHA financing.   They do not necessarily need to wait until they file for their taxes to claim the $8000 credit.   This is a terrific program that expires on December 1, 2009.  If you know someone looking to buy their first home, this program is incredible!  Have them talk with their lender about this new change!


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