{"id":48,"date":"2009-06-11T10:27:16","date_gmt":"2009-06-11T05:27:16","guid":{"rendered":"http:\/\/www.allphoenixareahomes.com\/?p=48"},"modified":"2013-10-26T04:20:03","modified_gmt":"2013-10-25T23:20:03","slug":"8000-reasons","status":"publish","type":"post","link":"https:\/\/nohasslelistingblog.com\/?p=48","title":{"rendered":"8,000 Reasons"},"content":{"rendered":"<p>After a false start, details of the new program that allows home buyers to use the first time home buyer tax credit at closing have finally been released <a href=\"http:\/\/www.hud.gov\/news\/release.cfm?content=pr09-072.cfm\">here<\/a>.&#160; Here are the major points:<\/p>\n<p>The program can <u>only<\/u> be used on FHA-insured loans.&#160; VA, conventional, and other programs are not included.<a href=\"https:\/\/nohasslelistingblog.com\/images\/8000Reasons_13AC3\/8000.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right: 0px; border-top: 0px; border-left: 0px; border-bottom: 0px\" height=\"173\" alt=\"8000\" src=\"https:\/\/nohasslelistingblog.com\/images\/8000Reasons_13AC3\/8000_thumb.png\" width=\"404\" align=\"right\" border=\"0\" \/><\/a> <\/p>\n<p>The credit cannot be used towards the required 3.5% down payment.&#160; Closing costs, mortgage discount \/ origination point(s), and other closing costs <u>can<\/u> be covered by the credit.<\/p>\n<p>So although you can&#8217;t get your new home with no money out of pocket, you can use the credit to &#8220;buy down&#8221; your mortgage interest rate and\/or even possibly negotiate a lower price on the home by minimizing the amount of money you would have to ask for from the seller for closing cost assistance.<\/p>\n<p>This is very good news!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a false start, details of the new program that allows home buyers to use the first time home buyer tax credit at closing have finally been released here.&#160; Here are the major points: The program can only be used on FHA-insured loans.&#160; VA, conventional, and other programs are not included. The credit cannot be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,6],"tags":[],"class_list":["post-48","post","type-post","status-publish","format-standard","hentry","category-financing","category-the-economy"],"_links":{"self":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48"}],"version-history":[{"count":1,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48\/revisions"}],"predecessor-version":[{"id":396,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48\/revisions\/396"}],"wp:attachment":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}