STIMULUS NOW!! The federal government's expanded economic stimulus package can help you achieve your dream of home ownership. Here's how:

First-Time Home Buyers

The deadline for the $8,000 tax credit for first-time home buyers has been extended! If you haven't owned a home in the last three years, you may be eligible for this credit, which will dramatically reduce your federal income tax bill or increase your refund, dollar for dollar.

• The credit is not a loan and does not have to be repaid if you remain in your home for at least three years.
• NEW! The credit can be claimed by individuals with income up to $125,000 and couples with income up to $225,000.
• FHA loan limits have been increased, and FHA loans require only a 3.5% down payment, which makes it easier to afford your new Shea home.

Repeat Home Buyers

A new tax credit for qualified move-up/repeat homebuyers is now available! If you've resided in your home consecutively for at least 5 of the last 8 years, you may be eligible for this credit.

• The credit is not a loan and does not have to be repaid if you remain in your home for at least three years.
• The credit can be claimed by individuals with income up to $125,000 and couples with income of up to $225,000.
• Repeat home buyers purchases of homes priced up to $800,000 will qualify for the credit.

These are limited-time programs. Both the first time buyer $8,000 tax credit and the repeat buyer $6,500 tax credit only apply to homes purchased before April 30, 2010. So don't wait. Act now and let Uncle Sam put you in a beautiful new Shea home.

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*Communities are by Shea Homes Limited Partnership and Shea Homes Marketing Company, independent members of the Shea family of companies. California Department of Real Estate, Shea Homes Marketing Company, Broker, License #01378646. This is not an offer of real estate for sale, nor a solicitation of an offer to buy, to residents of any state or province in which registration and other legal requirements have not been fulfilled. Prices, terms, features and offer subject to change without notice. This information is provided for general awareness only, and is not intended for the purpose of providing legal, accounting, tax advice or consulting of any kind. Please consult with your tax professional for complete details. For more detailed information on the Federal Tax Credit program, please visit http://www.federalhousingtaxcredit.com