We have recently received noticed that First Time Homebuyers whose rental residence was damaged by flood waters (restrictions apply) may now possibly buy a home through FHA's 203H plan. It would be combined with a THDA loan and the benefit to the buyer would be a 100% loan at a great interest rate. Today that would be 4.75%
Also I want to remind you that Veterans have until April 30, 2011 to qualify for the tax credit. So it isn't entirely gone.
Also Veterans can get a THDA loan without being a First Time Homebuyer (they would not get the tax credit though). The first time buyer requirement is currently waived by THDA.
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