The "first time" home buyer's tax credit just got a little sweeter. Not only can "first time" home buyers recieve up to an $8,000 tax credit, but now they can actually use it right away for down payment, closing costs, or to buy down the payments. To qualify a "first time" home buyer must have not owned a principal residence during the three-year period prior to the purchase.
This is a great opportunity for those who qualify and can afford to purchase a home for obvious reasons. Prices are down, and there are more properties to choose from!
To learn more about the credit please visit http://re.harborportal.com/docs/2009taxcredit.pdf