Archive for the ‘Uncategorized’ Category

Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. According to Secretary Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. For the first time, eligible home buyers will be able to access the funds immediately at the closing table. Read More

I felt this post was geared mostly toward FHA loans, since most First Time Home Buyers are FHA borrowers, so it is posted in my other blog: FHALoansORegon.com. However, since there is a lot of great information here, I thought I should share the wealth with all of my readers, not just those looking for FHA Loans. This information can also be very valuable to anyone considering a VA loan that is a First Time Home Buyer or for that matter, someone looking to buy using the USDA Rural Guarantee and they have to be a First Time Home Buyer. I hope you find this information informative. Read More