Comments on: Can I Use Tax Credit Money for a Down Payment?

By: Chris Williamson

Chris Williamson — Fri, 04 Sep 2009 16:37:31 +0000

Hi Connie, You are correct. At the time of this post, FHA was supposed to be working out a plan to put this into action. However, since then, no solid plans have surfaced and since the deadline for the first time home buyer tax credit is looming, it is safe to say it likely will not happen in time. Thanks for your input! – Chris

By: Connie

Connie — Fri, 28 Aug 2009 18:15:46 +0000

I dont believe this is accurate. We looked at the updated memos from FHA and regardless of the tax credit, they still require a 3.5% down

By: Chris Williamson

Chris Williamson — Thu, 28 May 2009 14:09:40 +0000

Yes. The federal tax credit is applicable across the United States. All counties in California are eligible.

By: Teresa jimenez

Teresa jimenez — Thu, 28 May 2009 05:33:41 +0000

I’m looking to buy but my question is does this apply to my area such as solano county and marin county?