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Industry NewsFHA allowing homebuyers to use $8,000 tax credit as down payment
HUD Secretary Shaun Donovan provided good news yesterday for first-time homebuyers at NAR’s Midyear Legislative Meetings in Washington, D.C.
According to the article on Realtor.org, Secretary Donovan said, “The Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.”
Do you think this will encourage more first-time buyers to purchase a new home?
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Meghan Tinkham is the Community Manager at the Pennsylvania Association of Realtors®. Follow her on Twitter @PAR_Meg. |
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