Housing Stimulus available at closing? Here's how

There was an interesting article in Saturday's Seattle Times which talks about using the Stimulus money for closing costs and down payment assistance. It details which states are eligible, and outlines the process. Obviously, consult your CPA, but it appears that it is essentially a bridge loan till you get your 2009 tax year return. Click below for the article:

http://seattletimes.nwsource.com/html/realestate/2009159694_harney03.html

I agree with this as long as the bridge loan is interest free, or only incurs interest if you don't pay it back with your tax return money.

What do you think?

Sincerely,

Marty

**Link is to Seattle Times article