New Homes Credits

The closing cost credits offered when purchasing a new construction home are typically valid only when using the builder’s preferred lender. Because these benefits are usually provided either as closing cost assistance or as a rate buyback (which lowers your interest rate for the first 1 to 2 years), you should carefully evaluate which option is more advantageous for your financial situation.

​Additionally, please make sure to verify the exact amount of property taxes in advance, including HOA fees and Mello-Roos. This is one of the most fundamental steps in the home-buying process; overlooking it can lead to delays or complications during the loan approval process down the road. Furthermore, in California, solar panels are mandatory for new homes. It is essential to understand the pros and cons of leasing versus purchasing them, along with the warranty details. You must also review this solar component with your lender to ensure a smooth mortgage approval without any issues.