News Sources wrote an interesting post today on
Here’s a quick excerpt
I am sure you have heard all the Hype about the new ability about Using the $8,000 First Time Homebuyers Tax Credit as a Down Payment. Not so FAST! As a lender on the Broker side I am all over this; I have queried multiple lenders and have included there response. In short not one lender has implemented it and feel it will only be available towards the Closing Cost not the 3.5% required down payment. Most borrowers will still have to come up with the FHA’s required 3.5 percent down payment,

Read the rest of this great post here

This entry was posted on Tuesday, June 2nd, 2009 at 12:25 pm and is filed under Mortgage Loans News.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.