If you’re looking to buy your first home but can’t afford the down payment, there may be help out there! Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a [...]
Filed under Buying, Buying a Foreclosure, Calvert County, Century 21, Charles County, La Plata, Maryland, MD, PG County, Prince George's County, Prince George's County Foreclosures, Real Estate, real estate agent, Southern Maryland, St. Mary's County, Team Benya, Waldorf, Waldorf Real Estate, White Plains · Tagged with $8, 000 Tax Credit, Accokeek, Buying a home, Calvert County, Century 21, Century 21 New Millennium, Charles County, Down Payment, FHA, FHA Guidelines, FHA Limits, first time home buyers in southern maryland, Forst Washington, Home Buyers, Housing and Urban development, NAR, PG County, pg county real estate, Prince George's County, prince georges county real estate, Shaun Donovan, Southern Maryland, Southern Maryland Real Estate, St. Mary’s County, Team Benya, Waldorf
September 23, 2008 by Admin ·
FHA and Conventional Loan guidelines were revised this morning, this time to prevent the so-called “buy and bail” folks trying to escape their overpriced mortgages. Haven’t heard of a “buy and bail” scenario? It goes something like this: Until now, people who decided to rent their home instead of sell it were allowed to claim [...]
