California first time homebuyers may qualify for up to $18,000 in tax credits for buying a piece of the American dream! There are two tax credits available.  One is a first-time homebuyer credit up to $8,000 under federal law, and the other is a new home credit up to $10,000 under California law. 

These credits are a part of President Obama's American Recovery and Reinvestment Act.  According to the U.S. Department of the Treasury, nearly half of the homebuyers in 2008 were first-time homebuyers, hence, the new tax credits for first-time homebuyers, With affordable home prices and historically low mortgage rates, we are already seeing a spur the housing market. 

Would you like to make your dream of home ownership a reality? Call me today and let's get started on finding your dream home!