It depends on the state you reside or where you are purchasing a home. 13 States have facilitated a bond through their local government which allow them to provide you the money, in advance, and they get it returned with your credit. Unfortunately, Arkansas is not one of those states.We do, however, have other programs that will allow you to receive assistance with your down payment and closing costs. One is in the form of a grant (does not require repayment) and the other is an actual loan (legal and acceptable to all loan types and the payment is included in your monthly mortgage payment). This is a great option for those whose ratios can handle it.Also, there are other loans that do not require a down payment.Local experts are best to assist you with your acquisition options and strategic approach to your purchase.How you buy is equally as important as what you buy and can, over time, save or cost you far more than the actual price you pay for the property.I hope this helps.Best of Luck to you!EVERYONE should be taking advantage of these incredible Tax Credits while they last.
I will forward this to my marketing director and see if it can be corrected. It is likely that the listing was sindicated from some other source where the error originally occurred and if that is the case it would be very difficult to identify and correct.
How do I use the 8000.00 first time buyers tax credit as my down payment. There a way to swing it?
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