Tuesday, May 12, 2009

Can $8,000 Tax Credit Be Used For Your Down Payment?

News that matters...

Yes. The rules seem to change everyday in lending... sometimes for the positive. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” FHA lenders will now be able to permit their clients to use the credit as a down payment rather than waiting to take the credit at tax time.

Please contact your lender or my Wells Fargo loan officer at www.ChicagoLender.com

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