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Loan Modification

: The Truth About Mortgage.com

Is the FHA Scrapping Homebuyer Tax Credit for Down Payment?

By scot184

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Earlier this week, HUD Secretary Shaun Donovan mentioned that the first-time homebuyer tax credit could be used as a down payment, but that may no longer be the case. The mortgagee letter with the program details has since been removed from the HUD website; a call to the FHA confirmed this had occurred. The employee I spoke [...]

Full post as published by The Truth About Mortgage.com on May 14, 2009 (boomark / email).

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