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TAX CREDITS BRING BIG SAVINGS AT MBK HOMES COMMUNITIES


Right now, for a limited time, home buyers may qualify for up to $18,000 in tax credits at MBK Homes communities throughout Southern California.

The amazing savings begin with the California tax credit, which is 5% of the purchase price of the MBK home or $10,000, whichever is lower. This program has no income limitations, no first-time buyer requirement and no repayment for owners who live in their home for at least two years. This credit can only be used for the purchase of a newly constructed home that has not been previously occupied.

The savings continue with the $8,000 federal tax credit, which is available only to buyers who have not owned a home in the past three years and who have income of less than $75,000 ($150,000 for a married couple). Three years of occupancy is all it takes to avoid repaying the credit.

Time is of the essence because both of these credits are available for a limited period of time. The California credit is good until March 2010 or whenever the funds allocated for it run out, which will most likely be sooner. The federal credit expires November 30, 2009. For complete qualification information and details, visit federalhousingtaxcredit.com or ftb.ca.gov.

"Buying an MBK home is always a smart move," stated Tim Kane, president of MBK Homes, "and now it's one you simply can't afford to miss. Act now and let the government put money in your pocket for a change."

The new tax credits are available at all seven MBK Homes communities in Southern California:

Ravello in Whittier features stylish townhomes adjacent to the shops and restaurants of Whittwood Town Center. Ravello's innovative tri-level designs offer exceptional spaciousness ranging from approximately 1,644 to 1,838 square feet, including three to four bedrooms and two and one-half to four baths, and a rear-access two-car garage adjoins every home. Prices start from the low $400,000s, and a private swimming pool and spa add to Ravello's appeal.

Greenbrier in Yorba Linda presents a collection of luxurious single-family homes in the master-planned golf course community of Vista Del Verde. Five magnificent two-story floorplans encompass spacious living areas spanning approximately 2,684 to 3,283 square feet with three to six bedrooms and three to four and one-half baths, and prices start in the high $800,000s.

Just north of Corona, Foxborough and Rivermist combine to offer an exceptional selection of distinctive family homes in an ideal location. At Rivermist, family-sized residences measuring approximately 2,657 to 3,925 square feet, including up to six bedrooms and three to four baths, are priced from the mid $400,000s. Foxborough reaches impressive heights of luxury and spaciousness with two-story floorplans spanning approximately 4,055 to 4,745 square feet, including five to six bedrooms and four and one-half baths. Prices range from the mid $500,000s.

The popular area of Butterfield Ranch in Chino Hills is the setting for MBK Homes' Celamonte, a collection of two- and three-story townhomes with living areas ranging from approximately 1,042 to 1,535 square feet, including two to three bedrooms and two to three and one-half baths. With prices starting in the low $300,000s, Celamonte also features a private recreation area with pool, spa and outdoor fireplace.

With ultra-spacious residences priced from the low $600,000s, Eton is an outstanding value in Chino's exceptionally desirable master-planned community of College Park. Interior dimensions extend from approximately 3,964 to 4,670 square feet, including as many as five bedrooms and four and one-half baths, and expansive homesites average 10,000 square feet.

Medallion at Fairway Canyon in Beaumont offers an unbeatable value in golf course living with spacious two-story homes priced from the low $200,000s. Living areas ranging from approximately 2,206 to 2,773 square feet encompass three to six bedrooms and three baths.

Posted on March, 9th 2009

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