Important News Flash for First Time homebuyers

I am attending the Real Estate Summit in Washington D.C. Shaun Donovan, U.S. Secretary of Housing and Urban development has just spoken to our group. Secretary Donovan just stated that HUD will make a announce in the next several weeks that the $8,000 first time homebuyer credit will be allowed to be used as the down payment on a home purchase using a new program that HUD will launch. The program will essentially be a short term bridge loan program for use with Fannie Mae/Freddie Mac (FHS) loans.

This would be a great assistance tool for First Time Homebuyers.

Dean Rouso, Broker-Owner of Prime Property Partners, LaGrange, IL
National Association of REALTORS Director

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