Happy Days Are Here Again: Buy a Home With No Money Down

UPDATEMay 15: Monetizing the $8K FTHB Tax Credit is now being "reconsidered." The FHA Blog of The Mortgage Lender Implode-O-Meter has the details about why HUD and the FHA can't agree on whether this practice violates FHA guidelines.Got no cash? Who cares. If you qualify for an FHA loan and you have an income (as a couple) of no more than $150K, the $8K Federal income tax credit for First Time