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Equity Now – How to Use Federal First Time Buyer Tax Credit as Down Payment

The Utah Housing Corp has created a way for the $8,000 federal first time buyer tax credit money to be used towards down payment and closing costs. The new “Equity Now” program essentially allows first time buyers to get a small Utah Housing Loan that will be paid back using the $8,000 in grant money. The Equity Now loan isn’t limited to just $8,000 either. It can actually be used... [Read more]