Under a new FHA rule aproved lenders can allow first-time home buyers to use the 8,000 tax credit as a down payment. Otherwise, buyers wouldn't get the money until they receive their taw return.
The government wants to enable FHA consumers to access the homebuyer tax credit funds when they close on their home loans so that the cash can be used as a down payment.
The government wants to enable FHA consumers to access the homebuyer tax credit funds when they close on their home loans so that the cash can be used as a down payment.
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