Friday, May 29, 2009

Oh boy!

I know every real estate blog in the country is going to cover this but it's huge news:

HUD just announced that FHA approved lenders can help buyers use the 8K tax credit to cover closing costs, buy down your interest rate or put down more than 3.5%!!!

It's a complicated system they're in the process of developing but this is wonderful news for buyers. Hurrah!

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