There has recently been talks about FHA allowing the $8000 tax credit to be used as a downpayment.  This is not set in stone as of yet but a GREAT idea that will spur a lot of interest in the first time home buyer market.  To learn more check out this site:

http://www.mortgagebankers.org/tools/FullStory.aspx?ArticleId=4377#full

 Any questions or comments, call me at 910-233-2840 or email at melaniecameron@seacoastrealty.com