Mortgage Updates

... and that doesn't take into account all the other benefits of buying a new home!

December of 2010 delivered a triple play of cash and tax savings to California new home buyers in Placer, Nevada and El Dorado Counties.  

1.The Mortgage Credit Certificate where 20% of the interest paid on a buyer's home loan is a dollar for dollar tax credit was re-established. 

2. CalHFA's School Facility Fee credit which had re-immerged for first time home buyers in the fall, credits the amount paid in school fees during the permitting process towards a buyer's downpayment, closing costs or upgrades. 

3.  Reduction of minimum cash investment for a purchase using an FHA loan with DAP =1%.

To qualify for the above bundle of benefits certain income limitations apply based on household size, and of course you have to be a first time home buyer.  If I were buying my first home, the first place I would shop is in a new home community. 

• Wow! -Great prices
• Wow! New home (not beat up -no surprises) 
• Wow! Excellent ammenities
• Wow!Energy efficient 
• Wow!Your choices

There's nothing better than a new home community.  You start fresh... Everyone is happy... and your neighbor's aren't loosing their homes...