HUD Allows Home Buyers to “Monetize” Tax Credit for Upfront Costs

You can now receive the $8,000 first-time buyer tax credit when purchasing a home insured by FHA. Find out more in the below article.

HUD Allows Home Buyers to “Monetize” Tax Credit for Upfront Costs

On May 29, in a special address at the NAHB Spring Board meeting, U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan announced that the Federal Housing Administration (FHA) will allow home buyers to apply the $8,000 first-time home buyer tax credit toward the purchase costs of a FHA-insured home.