Great news! 1st time home buyers who are getting an FHA loan can apply the $8,000 tax credit to the loan..the catch? The borrower must still come up with the 3-1/2% FHA fee. None the less, it should be a great boost for borrowers. Check out the details here:
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200905291015dowjonesdjonline000620&title=hud-rolls-out-plan-to-monetize-tax-credit-for-fha-loans
Here is the video clip of Secretary Donovan with the press release.
http://www.nahb.org/generic.aspx?genericContentID=117642
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