Chicago Home Buyers Take Note ~ First Time Home Buyers Tax Credit Can be Used for Down Payment
by Liane Pruchnik ~ May 14th, 2009. Filed under: Buying A Home, Chicago Living, Chicago Real Estate.Chicago Home buyers take note, the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 First Time Home Buyers Tax Credit as a down payment!
The funds usually were not available until AFTER buyers filed their tax return. Not any more!
This is very exciting news for home buyers if you have been concerned with a small down payment or lack of down payment at all.
If you have any questions regarding this exciting opportunity you can call Bill Silverthorne with Ameritrust Mortgage at 847-526-0499 for further explanation.