All Posts Tagged With: "no down payments"
HUD says $8,000 tax credit can be used for downpayment!
WASHINGTON) – HUD has announced that consumers may now use the $8,000 first-time home buyer tax credit to help cover their downpayment and closing costs on FHA-insured mortgages.
The move will allow FHA-approved lenders; federal, state and local government agencies; and FHA-approved non-profit organizations to supply home buyers short-term or “bridge loans” up to the amount [...]
USDA Insured Home Loans with Zero Down Payment
USDA insured home loan key points:
· 100% loan to value, no down payment required!
· Unlimited seller assist – payment towards buyer’s closing costs
· Finance closing costs up to the appraised value of the home
· 30-year fixed rate, no balloons, no prepayment penalties, no recapture fess, etc.
· Current interest rate: 6.50% (8-29-08, subject to change, borrowers [...]
UPDATE:
YES, you can use Part of the $8,000 Tax Credit to buy your new home. Very few banks are doing ...