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September 6, 2008
Current FHA Rules/First Time Buyer Tax Credit Favor Buying In '08 At Wind Rose In San Jose

The opportunities for first time buyers as well as with FHA-insured loans available now and throughout the balance of '08 make this an excellent time to buy. Additionally, some of the best lots at Braddock & Logan’s single -family home community Wind Rose in San Jose-- arranged around a tranquil court—have just been released. Purchasers of the final few homes will also receive a sizable Free Options Upgrade Package. The Plan 1 Model home has also been released for sale at a new price of $838,888; this home includes numerous upgrades and decorator options and a completely landscaped rear yard. With starting prices ranging from $834,470 - $878,700, no Home Owner’s Association fees, a tax credit for first time buyers, and more favorable FHA loan limits and down payment percentages, now is the time to buy at Wind Rose.

Here is a brief summary of the government-sponsored changes that buyers should be aware of. Perhaps the most significant change is that the maximum loan amount limit for an FHA-insured loan was raised in March to $729,950. This increase was created to provide more homebuyers the ability to purchase a home. The loan cap figure is derived from the median cost of a home in any given metro area. This higher amount significantly helps to bridge the gap between loan amount and housing price for the buyer. However, after December 31, 2008, the new maximum limit for FHA loans will return to a cap of $625,500.

Another good reason for not postponing a home buying decision is the recent federal tax credit.  First time buyers should also check out the federal tax credit for up to $7,500 available for homes purchased now. The web site www.federalhousingtaxcredit.com has complete details on the requirements for qualification and how the tax credit functions.

There are three great floor plans at Wind Rose offering up to five bedrooms and three baths and ranging in size from 2,088 - 2,437 square feet. The plans provide the best of both the traditional and the modern offering both practical design and elegant living. The French Country, and Mission style architecture feature low maintenance all-stucco exteriors with iron and shutter accents. The Craftsman elevations offer durable Hardiplank siding for lasting beauty.  Durable concrete or composition shingle roofs coordinate with the exterior color palettes. Each new home comes with a professionally landscaped front yard with irrigation system. The large fenced rear yards are sized for easy outdoor living and have wonderful space for a garden.

To tour the decorated models, visitors should take Hwy 680 and exit on Alum Rock Ave. heading east to the foothills. Turn right on Fleming and right again on Waterstone Court to the sales office. Wind Rose is open 1-6 on Mondays and 10-6 Tuesday – Sunday. Interested buyers should call 408-251-8845 for more information.
Braddock & Logan understands the challenges buyers face in making an informed decision.  For a combination of market expertise, personal consultation and a package of buyer incentives, buyers are recommended to visit Wind Rose today.

Celebrating 61 years of building homes in the San Francisco Bay Area, Braddock and Logan encourages homebuyers to visit their Build it Green? & ENERGY STAR? communities: Paulson Lane in Walnut Creek Cross Creek in Hayward), Cantara & Salerno at Positano in Dublin, Tassajara Estates in Danville, Waterstone in Vallejo and Orchard View) in the Central Valley town of Ripon. New communities will be opening at Monta Vista Place in San Jose and Millbrae Estates in Millbrae. For more information on current or planned communities call 925-274-2555 or log onto www.braddockandloganhomes.com.


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Braddock & Logan is a Bay Area homebuilder with new homes for sale throughout the California Bay Area including:
New Homes in Walnut Creek, CA
Braddock & Logan Services, Inc. BRE No. 01255593