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According to a New York Times article posted January 19, 2010 FHA is expected to announce changes to the popular mortgage program. An FHA loan is a type of mortgage loan that is insured against loss by the Federal Housing Administration. It traditionally allows a lower down-payment requirement and a larger seller assist amount than conventional ...
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GREAT NEWS!!!! The 1st time buyer $8,000 tax credit has been extended into 2010 but they have also added a $6,500 credit to move-up / repeat buyers. This is something the entire real estate industry has been pushing for for quite some time. Finally everyone else gets a piece of the action!
There are rules of course.... To claim the $6,500 credit ...
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