Get no-obligation free mortgage quotes
Compare Mortgage Quotes
Call at 888-485-7561
and get current mortgage rates from a lender.
and get current mortgage rates from a lender.
Refinance Rates for Today
Please enable JavaScript for the best experience.
In the mean time, check out our refinance rates!
Tax credit can now be turned into cash while closing!!!
| Shared by Niicss on Thu Jun 11, 2009 3:44 am | |
|
Great news for first time homebuyers! Henceforth the first-time home buyers nationwide will be able to turn their federal tax credit of $8000 into cash during the closing if they are using FHA mortgage. If you're using a FHA backed lender to fund your loans, you'll be able to use the $8,000 tax credit for settlement fees, escrow charges, higher down payments or to lower your interest rate. However, the Department of Housing and Urban Development clarified that buyers obtaining FHA loans through private lenders would have to put in at least 3.5% down-payment. Source: http://www.latimes.com/classified/realestate/news/la-fi-harney7-2009jun07,0,7341387.story |
|
| Community Members Opinion | |||||||
|
Joined: 05 Jul 2006 Moderator Posts: 2645 Location: New Brunswick, New Jersey 488.43 Dollars($) |
|||||||
|
Joined: 11 Jun 2009 Posts: 1 0.09 Dollars($) |
|
||||||
![]() Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($) |
|||||||
![]() Joined: 16 Sep 2005 ![]() Community Mentor Posts: 1609 Location: MASSACHUSETTS 150.97 Dollars($) |
|
||||||
|
Joined: 09 Jun 2009 Posts: 80 21.31 Dollars($) |
|
||||||
|
Joined: 01 Oct 2008 ![]() Community Expert Posts: 285 Location: Maryland 26.35 Dollars($) |
|
||||||






