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The First-Time Buyer California State Tax Credit is still available but cannot be applied for til you've signed closing docs. AND, you need to download the form. have your agent have the seller fill out their part, take it to escrow to have section V filled out there and GET A COPY OF YOUR HUD1 CLOSING STATEMENT AT ESCROW to fax in immediately. Reservations can be make ONLY for New Home Buyers, short-sale, existing home buyers must wait til their loan docs are signed and the best time to get the seller to fill in their info is before you close--same with escrow! Here's the link with the downlodeable form--you may want your real estate agent to have the seller do their info and send to escrow ahead of closing so section V is filled out. YOU must fax it to the number here: http://www.ftb.ca.gov/individuals/new_home_credit.shtml

The site updates to show the amount left for credit demand so mark it as a favorite! Good luck and Congratulations if you qualified for Federal and State Credit!

AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. The eligible taxpayer who purchases a qualified personal residence on and after May 1, 2010, and on or before Dec. 31, 2010, or who purchases a qualified principal residence on and after Dec. 31, 2010, and before Aug. 1, 2011, pursuant to an enforceable contract executed on or before Dec. 31, 2010, will be able to take the allowed tax credit. The credit is equal to the lesser of 5 percent of the purchase price or $10,000, in equal installments over three consecutive years. Under AB 183, purchasers will be required to live in the home for at least two years or forfeit the credit (i.e., repay it to the state).

The positive impact of the federal home buyer tax credit is clear. Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered.

Home Path now offered, purchase, 95%, no appraisal, no MI, 660 min score -PROPERTY MUST BE LISTED ON HOME PATH WEBSITE www.homepath.com

This loan funded through Reliance Funding, I can refer you to a HomePath Realtor!

Just posted on www.RelianceFundingca.com  from the Zavala's of Whittier:

What People Are Saying About Reliance Funding:

HUD announced yesterday that the upfront mortgage insurance premium would be raised to 2.25 as of April 5, 2010 and will affect all case numbers pulled after that date.

What does this mean? It's now the same as for VA Loans and on, say, a $200,000 loan would add $4,500 to the loan amount over the previous $3,500. It would increase your payment by $5.29 at 4.875% interest rate (APR, 5.279). Not alot in exchange for putting only 3.5% down payment or $7,000!

I would....buy a home with the current 1.75% and up to $8,000 tax credit BEFORE April 5th and BEFORE the tax credit expires April 30, 2010.

*NEW* Current Homeowners looking for a replacement primary residence could also qualify for a $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased. This new provision also only applies to homes purchased after Nov. 6th 2009.<more> 

Click Here

http://www.savingtoinvest.com/2009/02/15000-first-home-buyer-tax-credit-in.html