$8,000 Tax credit back on the table to buy a home for first time home buyers-

This article best explains the new changes of borrowing against your $8,000 tax credit to buy a home if youre a first time home buyer.

HUD Clarifies Tax Credits
Borrowers still need 3.5% of own funds

May 29, 2009
By MortgageDaily.com staff
The U.S. Department of Housing and Urban Development has clarified how tax credits under recently passed legislation can [...]

Feds reverse rule to assist first-time home buyers downpayment assistance

Federal officials on Monday reversed an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home.
A week earlier, U.S. Department of Housing and Urban Development Secretary Shaun Donovan had told the National Association of Home Builders that HUD would let banks and local governments [...]

First Time Home Buyers- Mortgage Protection Program

On Thursday, April 2, 2009 the Housing Affordability Fund has launched a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.
To qualify for the Mortgage Protection Program, [...]

City of Livermore, CA First Time Home Buyer Down Payment Assistance

If you are a first-time buyer looking to purchase a home in Livermore youre one step closer to your goal by reading this. The City of Livermore has money for you and the time to call me is now!
This program provides financial assistance to low to moderate income first time home buyers in the form [...]

8,000 Reasons to Buy a First Home

First-time home buyers who purchase a home before December 1, 2009 may be eligible to take advantage of an $8,000 tax credit as part of the American Recovery and Reinvestment Act of 2009.  Qualifying first-time home buyers may claim a tax credit of ten percent of the purchase price, up to $8,000, or $4,000 [...]