$8,000 Tax Incentive Now Available To Use At Closing

Consumers across the country can now take advantage of a Federal Housing Administration (FHA) program to allow qualified home buyers to apply the $8,000 tax credit at closing when purchasing a home. FHA will now permit its lenders to provide a short-term bridge loan that will let qualified home buyers use the tax credit to either make a larger down-payment above the FHA required 3.5 percent, cover closing costs, or buy down their interest rate. For further detailed information and a comprehensive Q&A click here.