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HUD recently announced that qualified First-Time Home Buyers who want to take advantage of the available tax credit of up to $8,000 now have another option available to them to help them become homeowners.

The National Association of Realtors announced that first-time buyers have accounted for 53% of all sales, (up from 40%) and this percentage is expected to hold true for all of 2009.

However, the availability of a tax credit, while a great incentive, does not put the money in the hands of a buyer right away. HUD's announcement now allows for prospective and qualified home buyers to borrow the money from approved agencies and lenders.
Posted by Dale Ross on May 20th, 2009 11:51 AM

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