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HUD: Tax Credit Can Be Used on Closing Costs
FHA lenders will be able to develop short-term loans to enable buyers to use their homebuyer tax credit benefits upfront, but the loans can't cover the 3.5 percent minimum downpayment, according to new guidelines from HUD.
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Published Friday, May 29, 2009 10:21 PM by
KRAIN - Residential and Commercial Real Estate
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