Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.
Since August 2009
You can NOT use it for the Down Payment - there has been talk about it but not as of yet.
REMEMBER - with FHA - the 3.5% Down Payment - most come from YOU the Borrower - or can be gifted to you by a Family Member
You can Also do a SELLERS CONCESSION - on FHA you can go up to 6% - this is where the Seller raises the Purchase Price by 6% to cover 6% of your Closing Costs - on some Loan Sizes this may cover all of your costs - and you will not have to come out of pocket for the closing costs - But either way the Borrower will still need to come up with the 3.5% Down Payment
Since December 2008
Since April 2009
Since April 2009
advertisement
... and, it's free and anonymous
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
Can I use the $8,000 tax credit as a down payment to purchase a home
sponsored by
tkitchen
Contributions: 1
View full profile
If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.