first time home buyer – owner loan

June 10, 2009

Can I get a loan other than an FHA and still get the first time home buyer tax credit?

asked:


Trying to buy a foreclosure as a first time home buyer. The house needs a little work (slight water damage, floors, paint) so I dont think I will be able to get an FHA loan. I want to do the work myself. If I get another type of loan will I still qualify for the first time home buyer credit?

Tamara

April 7, 2009

Does anyone know if the first-time home buyer tax credit is good towards buying a foreclosed home?

Nate asked:


Just wondering if anyone knows if the first-time home buyer tax credit that’s being offered is good towards to purchase of a foreclosure or home purchased through a county tax sale? How would this work? Where can I find more information on the specifics of the tax credit?

Brent
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