SellingNorthernNV

Keeping you informed on all things real estate

Tax Credit for FHA down payment

admin | June 1, 2009

The U.S. Department of Housing and Urban Development issued Mortgagee Letter 2009-15 on May 11, 2009. A portion of this letter outlined the use of the First-Time Homebuyer Tax Credits for use as a Down payment on an FHA mortgage.

The U.S. Department of Housing and Urban Development issued Mortgagee Letter 2009-15 on May 11, 2009. A portion of this letter outlined the use of the First-Time Homebuyer Tax Credits for use as a Down payment on an FHA mortgage

Federal Housing Tax Credit

admin | January 28, 2009

You can earn up to a $7,500 tax credit on your first home. The Tax credit works as an interest free loan that is repaid over a 15 year period.

General Rules for FHA Financing

admin | August 5, 2008

Here are a few rules when considering an FHA loan.