The $8,000 tax credit may now be used as a downpayment

This news was just announced from a National Association of Realtors press release:

"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 downpayment."

This is another nice carrot for first-time homebuyers. We'll share more information as the details of this plan become clearer.

Have a good day,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com