$8,000 Tax Credit as a Down Payment?

You read that right. The HUD secretary is planning to announce new rules on the $8,000 tax stimulus. Currently the credit is applied for, and received, as a tax credit on the purchaser’s taxes at the end of the year. This program aims to help owners with the biggest expense in the purchase process, the down payment. Donovan Tuesday, the HUD secretary, plans to unveil this plan within the next few days and the hope is that the program will entice even more purchasers to jump in and buy a home.

Check out the article $8,000 tax credit to be used as down payment.