1st Time Homebuyers Tax Credit....Downpayment

NEWS FLASH....NEWS FLASH....NEWS FLASH

May 12, 2009......$8000.00 First Time Home Buyer's Tax Credit

You can now use the amount that you qualify for as part or all of

DOWNPAYMENT

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its (FHA) lenders to allow homeowners to use the $8,000 tax credit as a downpayment. The FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. If you are an eligible home buyer then you can access the funds immediately at the closing. For more information about the credit check out..... http://www.irs.gov/newsroom/article/0,,id=204671,00.html

Check with your lender and see how this will help you! For a list of lenders in Lubbock you may check out my website http://www.besthomesinlubbock.com/ Do this so if you need to do some credit repair you can do so prior to the end of the year when this program will expire. DON'T MISS OUT.

If you are just thinking of buying a home.....now is the time to do it.....interest rates are good, prices in Lubbock are very reasonable, and with this credit you should be ahead of the game.