The Government has authorized the use of the $8,000 tax credit at the closing table (on FHA loans) for down payment and closing costs. Each lender now needs to to put the mechanics in place. Some have, some have not. You'll want to work with someone who is up to speed on this.

The first answer is somewhat inaccurate - the government is trying to figure out how to give buyers access to the $8,000 tax credit prior to filing their 2009 returns, but you will still need to have 3.5% of the purchase price in your own savings to put toward the down payment as well.

Best of luck w/ your search!

Laurie, The Pych Team @ RE/MAX In The Village

The Federal government will now provide your downpayment. The $8,000 tax credit can now be obtained at the closing for your down payment & closing costs (with money left over). Give me a call or an e-mail tomorrow & I can give you more detail and set up an automated e-mail search for you.