Great news today from the Housing Secretary on how the $8,000 tax credit can be applied as a credit toward the down payment in excess of 3.5% of the appraised value or they can use it toward the closing costs on FHA approved homes/loans.
Check out the scoop at the follow address:
Go to this website for the complete information on how the $8,000 tax credite can be used - IRS website at http://www.irs.gov/newsroom/article/0,,id=204671,00.html?portlet7.
This will stir things up for buyers that meet the qualifications so maybe we Realtors will start to see a real flurry of buyers out there once again.
Patricia4realestate.com Portsmouth NH Real Estate Hampton NH Real Estate
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