Monetizing 8000 Tax Credit: Is Anyone Doing It?

Many people are now aware that there is an 8000 tax credit available from the US government for first time home buyers. There are also quite a few people that are aware of FHA’s announcement that you can now “monetize” the 8000 tax credit at closing with the help of a lender or another approved [...]

HUD Now Allows You To Use 8000 Tax Credit For Closing Costs

8000-tax-credit

FHA will now allow you to use the 8000 tax credit for closing costs and has issued an official mortgagee letter outlining the rules to do so.

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HVCC: What Is That?

Something called the Home Valuation Code of Conduct went into effect on May 1 and the impact of the new HVCC rules are starting to be felt by everyone. The new HVCC rules mean that the loan officer who is working on your loan no longer orders the appraisal on your home – it is [...]