FHA to Allow 8,000 dollar tax credit to be used for down payment, closing costs
May 13, 2009
The Seattle Post Intelligencer posted yesterday evening
that the FHA will allow the $8,000 tax credit (or advances against the tax credit) to be used for down payment and closing costs.
Although the details have not been totally released an are expected out of Washington by the end of the week, the desired effect of this move would be to provide buyers more incentive to buy and more of the means to purchase homes with less out of pocket expense.
More detail as they become available….
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Is the tax credit available if I buy a home from my brother?
Gregory