Santa Cruz County Home & Community Information


Good News California First Time Home Buyers and New Home Buyers! $10,000 California State Tax Credit!


Breaking News!  The Governator has enacted a tax credit for First Time Home Buyers and Buyers of New Homes in California, including Santa Cruz County!  With the Federal Tax Credit for First Time Home Buyers expiring July 31st this is good news for home buyers in CaliforniaReally good news for some buyers that are in the sweet spot and will be able to double dip on both the Federal and California State Tax Credits - They have the opportunity to receive as much as $18,000 in Tax Credits!

Here are some quick facts about the New State of California Tax Credit for Home Buyers:

*  You must close escrow on your home in California between May 1st, 1010 and July 31st, 2011.  You have to have a purchase contract signed by Dec 31st, 2010 but you can close escrow as late as July 2011.

* The California Home Buyer Tax Credit is for either 5% of the purchase price or $10,000 which ever is less.

* To be eligible you must be either a California First Time Home Buyer or a Buyer of a new home in California.  There are no income restrictions.

*No repayment!  As long as your occupy the property as your Primary Residence for at least 2 years following purchase.

For Further Details visit California Home Buyer Tax Credit Information

This is a great opportunity for First Time Home Buyers in California.  With low interest rates, lower home prices and tax credits buying a home may really make fiscal sense right now. 

If you or anyone you know is considering buying a home in California this year please contact me at (831) 419-9345 or  for more information about the California Home Buyer Tax Credit and homes in Santa Cruz County for sale.  There are many great buys out there right now including Foreclosures and Short Sales. 

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Authored by Jessica Wallace, Santa Cruz Realtor

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Jessica Wallace
Coldwell Banker
831 419 9345
Licensed In: Ca
License #: 01455690
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Comment balloon 3 commentsJessica Wallace • March 31 2010 01:08PM


Nice going CA.  Maybe some other states will initiate similar incentives.

Posted by Keith Landis, Pennsylvania - "Your Pennsylvania Mortgage Source" (Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654) almost 9 years ago

It certainly is good news and just in time Jessica. ~ Doug

Posted by Doug Anderson, Bay Area Real Estate Views (Tucker Associates Real Estate Services) almost 9 years ago

Well that is really positive news, I have serious doubt that Pa would or could come with something similar...

Posted by Gerry Michaels, GettysburgGerry Social Meida (Glasswork Media Arts) almost 9 years ago

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