Established Member
prioritybubble
Posts: 39
Registered: ‎07-21-2009
Re: Question about FHA and loan eligibility

I think some of you are confusing this $8,000 tax credit.  It's only for 10% of the sales price.   From the sounds of these boards it sounds like everyone expects to get $8,000 even if they are only buying a $100,000 house which isn't the case.

 

http://federalhousingtaxcredit.com/2009/glance.php