HUD announced today that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration's new $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home. This is GREAT news for first-time buyers! Read more about the program here.
With falling prices and low interest rates, there has never been a better time to purchase a home.....and this news makes it even better! If you have been considering purchasing your first home, now is the time to act. This tax credit has only been approved for home purchases in 2009, so don't miss out on this amazing opportunity!
As always, if you or someone you know is thinking about making a purchase, I would love to help!
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