fbpx

More on the $8000 First Time Buyer Credit

Here’s some more information on using the first time buyer credit at closing: Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, …

First Time Buyer Credit as Down Payment on Again?

According to a press release issued today by HUD, using the $8000 first time buyer credit as your down payment is back on: For Release Friday May 29, 2009 The American Recovery and Reinvestment Act of 2009 offers …

Use Your $8000 First Time Buyer Credit as Your Down Payment

***Update: No longer true.  New post 5/20/09. The US Department of Housing and Development has approved a plan which will allow qualified buyers to put their $8000 first time buyer credit towards their down payment.  It must be …

Do I Have to Pay the $8000 First Time Buyer Credit Back?

There are hundreds of forums outlining the $8000 First Time Buyer Credit.  I’ve been really careful not to give tax advice and have referred you directly to the IRS Form 9054 in my previous post regarding the tax …

FHA Loans, Condos in Portland and the First Time Buyer Credit

Keeping in mind that everyone’s situation is different and qualifications vary from buyer to buyer but if my understanding of the First Time Buyer Credit and FHA financing is correct, the government will pay qualified buyers to buy …