The final Stimulus package ended up with an $8000 refundable tax credit for First Time Home Buyers (those who have not owned a home within the past 3 years) which is a lot more sensible than the original proposal.  The problem is still that it will be 2010 before anyone sees the money - would be nice if it could be used toward the down payment.  I think part of the Housing portion of the new bill should have the government guarantee 10% of all primary residence loans under the median price range and require only 10% down for low and middle income primary residence purchasers.  What do you think?

Comments (0)