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6/5/09 * $8,000 Tax Credit Can Be Used For Down Payment *
Washington D.C. - The Department of Housing and Urban Development known as HUD announced today to several thousand REALTORS that the Federal Housing Administration is going to allow first time home buyers to use their $8,000 federal tax credit as a down payment for the purchase of their home. In addition California home owners can receive an additional $10,000 tax credit if they buy a new home within the state. You do not have to meet the first time home buyer criteria for this tax credit.
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