This just released by the HUD.GOV/Recovery. If you are a 1st time home buyer….don’t wait. Take advantage of this immediately. This an excerpt from the HUD release today, “Currently, borrowers applying for an FHA-insured mortgage are required to make a minimum 3.5 percent downpayment on the purchase of their home. Current law does not permit approved lenders to monetize the tax credit to meet the required 3.5 percent minimum down payment, but, under the terms of today’s announcement, lenders can now monetize the tax credit for use as additional down payment, or for other closing costs, which can help achieve a lower interest rate.” Click here to read the complete press release: http://portal.hud.gov/portal/page?_pageid=153,8026931&_dad=portal&_schema=PORTAL If you have questions, please go to my website www.RobertDandrea.com for my contact information or send me an email at Robert.Dandrea@yahoo.com.