mortgage financing and programs

Archive for May, 2009

How to Monetize your Tax Credit for a Down Payment

No Comments

First Time Homebuyers do not have to wait until filing their income taxes to use the the $8000 tax credit implemented in the Stimulus Package earlier this year. HUD is permitting FHA approved lenders to issue short term bridge loans to monetize the tax credit. This enables buyers to use the tax credit as a downpayment and have funds available for closing costs. If you are interested in monetizing your tax credit for a down payment or closing costs fill out an Acre Mortgage loan request form, or give us a call at 800-511-3330.

Switch to our mobile site