Why buy now? With historically low interest rates, up to $8,000 in federal tax credits available and great prices on the brand new lofts and flats at Plant 51, there has never been a better time or place to buy a home of your own.

Low Mortgage Rates

Current fixed mortgage rates are at their lowest in decades. This means you can afford more home with lower monthly payments and pay down your loan and build equity faster.

Affordability

The prices at Plant 51 make it an excellent value – giving you the opportunity to own a brand new home for a very affordable monthly payment. Our preferred lender can show you all of the attractive financing options available.

Tax Deductibility

Your mortgage interest and a portion of your closing costs are tax deductible and significantly lower your annual expense for homeownership. When compared to renting, this deduction alone can often make it more affordable to purchase than to rent in the short and long term.

Tax Credits

New California Homebuyer Tax Credit

Right now you can take advantage of a new California state tax credit valued up to $10,000 when you purchase a new home at Plant 51. There is a limited amount of funds available, so act quickly. Visit the Plant 51 Sales Gallery to learn about this new credit and our collection of move-in ready homes.

California Tax Credit Overview

- The $10,000 credit is the lesser of 5 percent of the purchase price or $10,000

- You must close on your new home before December 31, 2010

- First-time buyers can purchase a new or existing home

- Repeat buyers can only purchase a new home that has never been occupied

- The credit is spread over 3 years, up to $3,333 per year

- The credit has no income or purchase price restrictions

 

734 The Alameda
San Jose, CA 95126
Site by Farm

Privacy Policy | Plant 51, CA Dept. of Real Estate, Real Estate Broker License Number 01845657