HUD has announced plans to allow lenders to advance
the $8,000.00 tax credit for first time homebuyers to use upfront
for your down payment. However, since the tax credit must be
used before November 30, 2009, I do not see HUD being able
to formulate a program that fast! This is for FHA loans only.
Otherwise, you will just have to wait until next April to receive
the $8,000.00 on your tax refund check.
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