fha approved mortgage lenders first home buyer tax deduction Credits for First-Time Homebuyers – Tapping First-Timer Benefits. Section 184 loans can only be used for single family homes (1-4 units) and for a primary residence. forget the federal tax credit. You may know someone who benefited from the federal first-time homebuyer tax credit, but it ended on July 1, 2010.FHA approved condos can be purchased using FHA Loans. Find out where to find HUD condos and get pre-approved with our FHA lenders today.mortgage rates on second homes does fha require mortgage insurance HUD boss on FHA loans: ‘We’re not changing who qualifies’ – "We’re not changing who qualifies for an FHA. those who wish to refinance. The FHA stood to lose considerable market share if its best borrowers jumped ship to those new loans, which unlike the FHA.