First Time House Buyer Loan
Can I get a loan other than an FHA and still get the first time home buyer tax credit?
Trying to buy a foreclosure as a first time home buyer. The house needs a little work (slight water damage, floors, paint) so I dont think I will be able to get an FHA loan. I want to do the work myself. If I get another type of loan will I still qualify for the first time home buyer credit?
The tax credit does not require FHA. In fact only a small percentage of purchases are FHA.
You can use any kind of loan you want other then a construction loan, you have to be able to reside in the house.