No income limitations? Not limited to first time buyers?
A quiet little news item that for some reason isn't grabbing as much headline attention as I would expect... has me a little curious about the validity. A quick search points to several mentions, but all trace back to blogs on new home builder sites, and PR releases from builders like THIS ONE. I guess that makes sense, but I'd expect to see more attention drawn to this, or something pointing to an official CA.GOV page.
If this is legitimate, it is in some ways BETTER than the federal tax credit of $8000 to first time buyers with qualified income. And if you are a first time buyer in California, you could be eligible for both!
Subscribe To
Posts
Comments
About Me
- john
- As a Certified Mortgage Planning Specialist (CMPS) with extensive experience in the mortgage industry, I specialize in helping my clients find, structure and manage mortgage debt as one piece of a larger financial strategy. I provide my clients with detailed home loan and debt structuring guidance that compliments their long term financial objectives, including college savings, retirement planning and other investment goals. With an understanding of financial planning concepts that relate to taxation, investment strategy, and estate planning, I work to create a personal strategic mortgage solution for my clients’ diverse financial needs. I collaborate with advisors in other financial fields, and introduce other specialists for guidance as needed. The ability to assess and advise on all aspects of a client’s financial situation can minimize financing costs and tax exposure while building net worth – a benefit often missed when focusing on home loans exclusively.