Share 'Home buyers' tax credit can be turned into cash at closing'

Buyers who use FHA financing soon will be able to use their $8,000 tax credits for settlement fees, escrow charges, higher down payments or to "buy down" the interest rate. By Kenneth R. Harney June 7, 2009 Reporting from Washington — The Obama administration has put out the official word: Starting soon, first-time home buyers nationwide will be able to turn their $8,000 federal tax credits int…