first time home buyer – owner loan

December 23, 2009

First time home buyer tax credit and HUD 100 down payment using the tax credit?

sle7787 asked:


I would like to know if you are a first time home buyer and you are going to use HUD’s $100 down payment promotion, can the first time home buyer tax credit be used towards the closing cost?
Please make your answer in simplest terms because I do not understand real estate or mortgage lingo that well.

Lewis

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