Tag Archives: HUD

New FHA Condominium Regulations

It is important that condo buyers be aware that new FHA lending regulations will be implemented starting November 2, 2009. It is still possible to get FHA financing on some condos but it will take more time. There are plenty … Continue reading

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HUD Reversal: $8,000 First Time Homebuyer Tax Credit Clarification

I wanted to clarify the information that was released by HUD since the information they released last week was very generic. What I found out is that the proceeds of the $8,000 tax credit can only be used toward downpayment … Continue reading

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HUD Reversal: $8000 Tax Credit Can be Used Toward Downpayment

I just got new information from HUD released today May 29, 2009 that the $8,000 tax credit can be used toward the downpayment of an FHA insured home. HUD stated on their website that families can only access this credit … Continue reading

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HUD’S Ameridream Downpayment Assistance Program Ending Oct 1, 2008

If you were planning to apply for the seller funded downpayment assistance program through  Ameridream, please be advised that this program will soon be coming to an end on October 1, 2008.  There is speculation that this program is being … Continue reading

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