Mortgage Market Update - FHA Reinstitutes the Using the First Time Homebuyer Tax Credit

By
Mortgage and Lending with Premier Capital Mortgage

 



Just out this morning HUD mortgagee letter 2009-15 is now out.  FHA is now providing the guidance to help homeowners utilize the tax credit to purchase the home - thus not waiting to obtain the funds after the closing. 

Please note there are more guidelines to follow and I am sure some lenders may have their own set of rules in place once they are able to interpret this mortgagee letter.

I contacted HUD and there is going to be more information released on the HUD website soon to answer more questions and as always we will stay in touch to let you know the updates as they are released.

 

For an in depth explanation and daily update click on The Daily Rate Lock Advisory. 


5-Star Communication 
A copy of this newsletter can be found at Market Update.
also check out Quick Tips
and Home Loan Toolbox

Apply Online

 

 

Joe Farro
Premier Capital Mortgage


 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Georgia
Groups:
Mortgages
Realtors®
Tags:
fha
first time home buyer tax credit
first time homebuyer
down payment assistance

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the robot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
21,400

Joe Farro

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information