FHA lenders now allowed to make loans for $8k tax credit

This just in.

The first time buyer tax credit of up to $8,000 is officially “monetized.”

Lenders making FHA mortgages to first time buyers are now allowed to make a bridge loans of up to $8,000 to apply as extra downpayment, toward closing costs or to lower the interest rate on the loan.

This should help get the first-time buyers rolling.

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