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Tax Credit Can Be Used as a Down Payment

The Secretary of the U.S. Department of Housing and Urban Development told REALTORS® gathered in Washington, D.C., that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the first-time buyer $8,000 tax credit as a down payment, a move promoted by NAR.
Published Tuesday, May 12, 2009 4:15 PM by KRAIN - Residential and Commercial Real Estate

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