The federal housing administration allows down payments as low as 3 5 for those with credit scores of 580 or. You must be a first time homebuyer who receives housing assistance payments from the public housing authority. Previously you must

The new homeowner s tax credit that many filers are familiar with is the first time homebuyer credit which was passed in 2008 under hera or the housing economic and recovery act under obama. Every first time homebuyer is eligible