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Use Your Tax Credit to Lower Closing Costs!

Posted by Paul Eskildsen on Wednesday, June 3rd, 2009 at 12:10pm.

First-time home buyers got another boost from HUD last week, when it was announced that buyers who qualify for a one-time tax credit of up to $8,000 can now apply that credit towards closing costs on an FHA loan, or to increase their down payment from the required 3.5%.


Thinking about taking the plunge? Check out our home buyer's quick start tips!

2 Responses to "Use Your Tax Credit to Lower Closing Costs!"

Janet wrote:
PPlease help!
I am purchasing a home for the first time. My realtor has assured me that I can use the tax credit towards closing but has not given me any direction as what I need to do. I settle on the house in 6 weeks. I live in PA.
Can you possibly give me any direction?
Thank you SO much...
~ Janet ~

Posted on Thursday, July 2nd, 2009 at 6:36 AM.

Paul Eskildsen wrote:
Hi Janet - I sent you a private email. Bottom line, your Realtor should help you talk to your lender - it is the lender who can actually arrange this kind of financing.

Posted on Friday, July 3rd, 2009 at 10:43 AM.


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