Toll Brothers Makes the Magic Moment Happen

How does a home buyer know when the Magic Moment has arrived? It has nothing to do with a crystal ball, or astrological charts. Instead, it's all about great deals. For one week only, from now through June 7th, Toll Brothers (www.TollBrothersCalifornia.com) makes everyone's Magic Moment arrive by lining up an irresistible collection of interest rate buydowns, low down payment options, attractive free upgrades and more.

Northern California (Vocus) June 3, 2009 -- How does a home buyer know when the Magic Moment has arrived? It has nothing to do with a crystal ball, or astrological charts. Instead, it's all about great deals. For one week only, from now through June 7th, Toll Brothers (www.TollBrothersCalifornia.com) makes everyone's Magic Moment arrive by lining up an irresistible collection of interest rate buydowns, low down payment options, attractive free upgrades and more. It all means incredible savings on Toll Brothers luxury homes - but only for a limited time. Magic Moment event details are available right now at TollMagicMoment.com

Perhaps the most impressive perk of the Magic Moment event is the ability to get started with an amazing 2.875% finance rate. Offered by TBI Mortgage, Inc., this special financing package offers a fixed rate, 30-year mortgage with a first-year rate of 2.875%, followed by 3.875% for the second year. For the remainder of the loan, buyers will enjoy the already low rate of 4.875%, fixed for the full term. It's a great way to ease into mortgage payments, and saves buyers thousands during those all-important first two years of ownership.

Another great advantage of moving quickly is the limited availability of tax credits up to $18,000. This combination of California and Federal tax breaks is limited by time and available funds. The programs have been so popular that the allocated funds are being used up fast - but the breaks are still available for those who act now.

The California state tax credit is up to $10,000 for new home purchases, and requires that buyers live in the home as their principal residence for at least two years. There are no income restrictions, and no first-time home buyer requirement. The Federal program offers a tax credit up to $8,000 for homes priced over $80,000, with the total credit amount determined by the buyer's modified adjusted gross income. The Federal program requires that buyers have not owned a home in the previous 3 years.

Expanded FHA financing availability is another limited-time incentive. President Obama has implemented the American Recovery and Reinvestment Act of 2009, which temporarily raises FHA loan maximums to as high as $729,750. Down payments can be as low as 3.5% of purchase price, or $13,000 down, for buyers of selected Toll Brothers homes. It's not just for first-time home buyers, either.

With all these special programs, the Magic Moment event is the best time to buy and experience the luxury of a Toll Brothers home. Now through June 7th, the Magic Moment has come for everyone. Specific incentives vary by community, so visit the sales office of the Toll Brothers neighborhood you're interested in to hear the details. Communities in the South Bay, East Bay and El Dorado Hills are open daily from 10 a.m. to 5 p.m. Find out now which Northern California community is right for you at TollMagicMoment.com

Toll Brothers is the nation's leading builder of luxury homes. The Fortune 1000 Company operates in 21 states. Toll Brothers is the only publicly traded company to have won all three of the industry's highest honors: America's Best Builder, the National Housing Quality Award, and National Builder of the Year. For more information, visit TollBrothers.com

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