8k Tax Credit can now be used towards down payment
Shaun Donovan, secretary of the U.S.
Department of Housing and Urban Development, on Tuesday said that the
Federal Housing Administration is going to permit its lenders to allow
home buyers to use the $8,000 tax credit as a down payment.
Previously, most buyers wouldn't receive
the funds until after they filed their tax return, and that deterred
some people from using the credit.