Down Payment Help is On The Way…

It appears down payment help is officially on the way for first time buyers!

It was announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the new $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home. The goal of the new FHA plan is to help stimulate home sales and help stabilize the housing market.

For more information about this great opportunity, please refer to http://www.hud.gov/news/release.cfm?content=pr09-072.cfm