It’s Official-The $8000 First Time Home Buyer Tax Incentive Can Be Used for a Down Payment

The first time home buyer tax credit can be used for a down payment all over the country.

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.
According to Donovan, the FHA’s approved lenders will be permitted to monetize the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.
Call Dave today at 425-330-0663 to find out more about the program.