Use the Tax Credit for Your Down Payment?
I recently found a notice that The National Association of Realtors put out regarding using the $8000 first-time homebuyer tax credit for a down payment or closing costs on a FHA-insured mortgage.
According to the notice, 11 states — including Virginia — offer this program. For more information, visit www.realtor.org/government_affairs.
If anyone out there has used, or tried to use, this option, please comment or write us so we can share your experience.
I’m not an accountant, mortgage broker, attorney or any other type of financial advisor. I just saw this info and wanted to share it. If you want to take advantage of this option, you should get professional help–maybe start by asking your mortgage broker.
Tags: buying a home, first-time homebuyer, for sale, homebuyer advice, homebuying, housing market, mortgage, real estate, real estate for sale, virginia
This entry was posted on Tuesday, August 18th, 2009 at 8:22 am and is filed under Advice for Homebuyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
