I’ve written about the $8,000 1st time home buyer tax credit previously. As written, it is a very good deal for someone buying who hasn’t owned a house in that last 3 years and meets the other broad criteria for qualifying.
And it just got a LOT better.
The Secretary of HUD (U.S. Department of Housing & Urban Development) has announced the FHA (Federal Housing Administration) will permit its approved lenders to allow that $8000 to be used towards the closing costs associated with the purchase of the property. That means that instead of waiting until next tax filing refund season to enjoy the benefits of the credit, buyers can access the funds at the start of the process.
FanFreakingTastic.
This is on top of great interest rates, plentiful (if diminishing) inventory and often motivated sellers.
Get thee to a lender and CHECK IT OUT.
What are you doing still reading this?…..Move!!
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