Keller Williams Realty

NEWS FLASH: Buyers May Get Loans to Use $8K Tax Credit Toward Closing Costs

Posted By: Alan Donald In: Buyers
Date: Fri, May 29th 2009 4:36 pm

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.