It just gets better and better
Just when you thought the incentives to buy a home couldn’t get any better, the Federal Housing Administration, on May 29th, 2009, just sweetened the pot. The FHA announced on May 29th that they are now allowing the $8000 tax credit available to first-time homebuyers to be used for closing costs. There is no doubt that the Federal Government is making every effort to make this time of crisis also a time of absolute opportunity for first-time homebuyers. Remember that for the purposes of this tax credit, a first-time homebuyer is defined as anyone who has not owned a home in the past three years. Don’t miss this!
For more information, check out this link:
www.mercurynews.com/realestatenews/ci_12480568?nclick_check=1