Comments on: Can You Use 8000 Tax Credit As Down Payment in California? http://www.californiamortgageteam.com/can-you-use-8000-tax-credit-as-down-payment-in-california/ California. Mortgage. Experts. Mon, 15 Aug 2011 20:41:23 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: 8000 Tax Credit Rules For Down Payment and Closing Costs http://www.californiamortgageteam.com/can-you-use-8000-tax-credit-as-down-payment-in-california/comment-page-1/#comment-24 8000 Tax Credit Rules For Down Payment and Closing Costs Sun, 31 May 2009 17:40:09 +0000 http://www.californiamortgageteam.com/?p=522#comment-24 [...] about two weeks, there has been quite a bit of speculation about whether or not HUD would allow the $8000 tax credit to be monetized since announced by HUD Secretary Shaun Donovan when speaking to the National Association of [...] [...] about two weeks, there has been quite a bit of speculation about whether or not HUD would allow the $8000 tax credit to be monetized since announced by HUD Secretary Shaun Donovan when speaking to the National Association of [...]

]]> By: California FHA Mortgage Loan Expert http://www.californiamortgageteam.com/can-you-use-8000-tax-credit-as-down-payment-in-california/comment-page-1/#comment-14 California FHA Mortgage Loan Expert Wed, 20 May 2009 00:38:31 +0000 http://www.californiamortgageteam.com/?p=522#comment-14 @San Diego New Homes Thanks for the comment! We will be sure to bring you updates as soon as they are released! CA FHA Mortgage Loan Expert @San Diego New Homes

Thanks for the comment!

We will be sure to bring you updates as soon as they are released!

CA FHA Mortgage Loan Expert

]]> By: San Diego New Homes http://www.californiamortgageteam.com/can-you-use-8000-tax-credit-as-down-payment-in-california/comment-page-1/#comment-13 San Diego New Homes Wed, 20 May 2009 00:29:40 +0000 http://www.californiamortgageteam.com/?p=522#comment-13 Evidently, the FHA bridge loan program cannot be used until certain changes are made, such as: 1. Agencies and lenders must be approved who have funds for the down payment. 2. A Change to the HUD guidelines on the time frame that is allowable for a bridge loan. 3. A change to the IRS guidelines allowing the refund to be assigned to an agency or lender. Evidently, the FHA bridge loan program cannot be used until certain changes are made, such as:
1. Agencies and lenders must be approved who have funds for the down payment.
2. A Change to the HUD guidelines on the time frame that is allowable for a bridge loan.
3. A change to the IRS guidelines allowing the refund to be assigned to an agency or lender.

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