Ask Our Buyer
Q: I’m a first-time buyer. I’ve heard that I can use the $8,000 first-time buyer credit in place of cash for a down payment. I’ve also heard that I can’t. Which is it?
A: Both.
On May 29, 2009, HUD came out with a revised “mortgage letter” regarding the tax credit that made two main points:
1. “Buyers financing through state Housing Finance Agencies and certain non-profits will be able to use t...
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