Share 'Tax credit as down payment on FHA loans?'

Apparently the federal government wants to make it even easier to buy a home with a loan insured by the Federal Housing Administration — it already allows a 3.5% down payment that can be gifted from a relative. According to National Mortgage News: The government today gave the green light to the financing of bridge loans of up to $8,000 to first time home buyers who qualify for tax credits unde…