Mortgage Blog

June 19th, 2010 8:44 AM
1)The funds are total of 200 Million. 100M for first time buyer; 100M for newly constructed home.

2)80% of the 100M for first time home buyers already claimed.

3)For new homes, it should go into contract before Jan 1st, 2011; close before August 1st, 2011.

4)Check online http://www.ftb.ca.gov/individuals/new_home_credit.shtml
to see how many funds left for the First Time Buyer program. About 22M left as of June 15th.
Posted by Eric Fang on June 19th, 2010 8:44 AMPost a Comment (0)

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