first time home buyer: How a Watsonville Teacher Bought her First Home for $2000 - 02/17/10 11:10 AM
Nobody is more deserving to be a home owner in Santa Cruz County than our teachers.  As a former teacher, I great pleasure from helping teachers purchase their first home.  Heidi works as special education teacher in Watsonville and her husband works for Good Will Industries in Santa Cruz.  They were able to qualify for a fantastic program called an 80/17 through CALSTRS (California State Teachers Retirement System) The 80 means an 80% of the purchase price is a first loan. This is a fixed rate, 30 year mortgage at a competitive rate. The 17% is also a fixed rate mortgage … (0 comments)

first time home buyer: Loans for Teachers and First Time Buyers - 10/21/09 03:47 PM
As a former second grade teacher in Watsonville, one of my goals in Real Estate has always been to help teachers buy homes. One of the upsides of the drop in home prices has been that I have been able to help more teachers and other local buyers purchase their first home. Along with the reduction in prices there has also been an extreme tightening of lending guidelines, which has made it difficult to qualify for a loan. To get conventional financing buyers now need 20% down. However, there are several programs that can help teachers and other first time buyers. … (1 comments)

first time home buyer: Congress Approves Tax Credit - 02/13/09 05:24 AM
Congress has approved an $8,000 tax credit for fist time buyers. We were disappointed to see congress reduce the $15,000 tax credit for all home buyers to $8,000 for first time buyers. This is still an improvement from the current $7,500 tax credit currently offered because it does not need to be repaid as long as the buyer stays in the home for at least 3 years.Here is an update from the National Association of Realtors:Stimulus Advances With Tax Credit Changes
The $790 billion stimulus package hammered out by House and Senate conferees late yesterday increases the home buyer tax credit … (0 comments)

Michael  Bloch (Sereno Group Real Estate)

Michael Bloch

Santa Cruz, CA

More about me…

Sereno Group Real Estate

Address: 2407 Porter Street #150, Soquel, CA, 95073

Office: (831) 515-1130

Mobile: (831) 588-1588

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