Well it is a good time to be a first time home buyer in Marin and Sonoma Counties. The Obama Administration has announced financial incentives. The main one is the $8,000 federal tax credit is now going to be offered for a down payment according to the housing secretary for the Department of Housing and Urban Development (HUD); they will publish policy that will allow FHA approved lenders and some others to monetize the tax credit through short term bridge loans.

If you would like more information about this subject you are welcome to call me (415) 899-9221 or email pschardt@fhallen.com and I will be glad to help you and guide you to use this credit if you are a first time home buyer. Go out and enjoy our beautiful counties we live in and have a nice day!

Posted by:Peter Schardt