FHA to allow Tax Credit at closing
Posted by The Atlantic Real Estate Team on Tuesday, March 16th, 2010 at 11:45am.The Federal Housing Administration (FHA) is allowing qualified lenders to offer a short-term loan for first time home buyers in order to access the tax credit at closing. This money can be used to increase total down payment thus decreasing overall loan amount, provide closing cost assistance, or to buy down interest rates. This incentive will help reduce the costs of purchasing your dream home.
There are also other programs like this to help first time buyers get into their home. Simply contact us today to find out more about these programs.
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