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Loan Modification

: The Truth About Mortgage.com

Homebuyer Tax Credit Modified to Require Down Payment

By scot184

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The much anticipated and hotly contested homebuyer tax credit is officially back on, though with some big changes. Borrowers applying for an FHA loan will now be required to come up with a minimum 3.5 percent down payment, but will be able to use the tax credit for additional down payment or for other closing costs. Originally, [...]

Full post as published by The Truth About Mortgage.com on May 29, 2009 (boomark / email).

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