Real estate in Texas
The term affordable housing can mean many things. In Austin, for example, it could mean any single-family home that sells for under $200,000. In other areas of Texas, affordable housing might mean a $75,000 home.
Statewide, Texas REALTORS® help countless fellow Texans experience the benefits of homeownership, regardless of where you live or how much money you make. In addition, many Texas REALTORS® participate in specialized training to better equip themselves for helping first-time homebuyers.
Options abound for Texans who want to own their own home, but who might be strapped for cash or have yet to establish their credit. One is the Texas First Time Home Buyer Program, sponsored by the Texas Department of Housing & Community Affairs (TDHCA). It offers below-market mortgage interest rates for first-time buyers.
The Texas Veterans Land Board has a variety of attractive home-purchase programs for Texas military veterans and their spouses.
Source:TexasRealEstate.com
"Star Treatment for Your Real Estate Needs" It is important for me to understand my client’s needs and wants so I can exceed their expectations. I’m not happy unless they are. It is essential to have a productive positive working relationship and smooth transactions.
Showing posts with label down payment assistance. Show all posts
Showing posts with label down payment assistance. Show all posts
Thursday, June 3, 2010
Monday, February 22, 2010
Be Ready to Buy
If you find what you’re looking for in a home, you should be prepared to make an offer quickly. Even if homes are staying on the market a little longer in your neck of the woods, it only takes one other interested buyer to snatch the home or create a bidding war.
You can help the offer process by being ready. In addition to being pre-approved for a loan before you begin looking at properties, it’s wise to be honest with yourself. You know exactly what you want in a home and how much you can actually afford. Make sure to take into account utilities and other monthly expenses associated with homeownership.
Be advised, though, that a quick offer doesn’t necessarily mean a quick end to the transaction. There are myriad potential postponements in a real estate transaction. There may be contingencies, repairs, lender delays, or any number of other issues.
Purchasing real estate can be a tricky and detailed business, but a Texas REALTOR® can help prepare you for the process. He knows the value of properties in your local market and how to navigate the entire process to a smooth conclusion. He’ll use this information to help you submit an excellent offer.
When you have the information you need to make a good decision, your chances of making a successful offer on a property improve. Use a REALTOR® to increase your advantage.
Source:Texas Association of Realtors®
www.amsstarrealty.com
You can help the offer process by being ready. In addition to being pre-approved for a loan before you begin looking at properties, it’s wise to be honest with yourself. You know exactly what you want in a home and how much you can actually afford. Make sure to take into account utilities and other monthly expenses associated with homeownership.
Be advised, though, that a quick offer doesn’t necessarily mean a quick end to the transaction. There are myriad potential postponements in a real estate transaction. There may be contingencies, repairs, lender delays, or any number of other issues.
Purchasing real estate can be a tricky and detailed business, but a Texas REALTOR® can help prepare you for the process. He knows the value of properties in your local market and how to navigate the entire process to a smooth conclusion. He’ll use this information to help you submit an excellent offer.
When you have the information you need to make a good decision, your chances of making a successful offer on a property improve. Use a REALTOR® to increase your advantage.
Source:Texas Association of Realtors®
www.amsstarrealty.com
Tuesday, September 29, 2009
Down Payment Assistance Programs for 1st Time Homebuyers buying in Frisco
The Housing Trust Fund offers two Down Payment Assistance Programs designed to help low and moderate income families who work in the city limits of Frisco also purchase a home in the City of Frisco.
Program #1: The Frisco Down Payment Assistance Program
(targeted to families working in the city limits of Frisco)
Families with at least one adult working full-time in Frisco for at least 6 months can be assisted in purchasing a home in Frisco.
The program provides forgivable loans of up to $10,000 to qualified homebuyers for the purpose of down payment and closing cost assistance. The homebuyers is required to pay 50% of the closing costs.
Eligible households must be first time homebuyers (with some exceptions)
Income and purchase price limits vary by family size. Household income for a family of four (4) cannot exceed $53,200 in order to be eligible for the program (see the DPA Brochure for more details)
The Down Payment Assistance Program can be used with other First Time Homebuyer Programs to help make homeownership possible for almost everyone.
Program #2: The Frisco Targeted Down Payment Assistance Program
(targeted to City of Frisco and Frisco ISD employees)
Families with at least one adult working full-time FOR the City of Frisco or Frisco ISD for at least 6 months can be assisted in purchasing a home in Frisco.
The program provides forgivable loans of up to $5,000 to qualified homebuyers for the purpose of down payment and closing cost assistance.
Eligible households must be first time homebuyers (with some exceptions).
Income and purchase price limits vary by family size. Household income for a family of 1 or 2 cannot exceed $66,500 and 3 or more cannot exceed $76,475 in order to be eligible for the program (see the TDPA brochure for more details).
The Down Payment Assistance Program can be used with other First Time Homebuyer Programs to help make homeownership possible for almost everyone.
Source:city of Frisco Texas
Program #1: The Frisco Down Payment Assistance Program
(targeted to families working in the city limits of Frisco)
Families with at least one adult working full-time in Frisco for at least 6 months can be assisted in purchasing a home in Frisco.
The program provides forgivable loans of up to $10,000 to qualified homebuyers for the purpose of down payment and closing cost assistance. The homebuyers is required to pay 50% of the closing costs.
Eligible households must be first time homebuyers (with some exceptions)
Income and purchase price limits vary by family size. Household income for a family of four (4) cannot exceed $53,200 in order to be eligible for the program (see the DPA Brochure for more details)
The Down Payment Assistance Program can be used with other First Time Homebuyer Programs to help make homeownership possible for almost everyone.
Program #2: The Frisco Targeted Down Payment Assistance Program
(targeted to City of Frisco and Frisco ISD employees)
Families with at least one adult working full-time FOR the City of Frisco or Frisco ISD for at least 6 months can be assisted in purchasing a home in Frisco.
The program provides forgivable loans of up to $5,000 to qualified homebuyers for the purpose of down payment and closing cost assistance.
Eligible households must be first time homebuyers (with some exceptions).
Income and purchase price limits vary by family size. Household income for a family of 1 or 2 cannot exceed $66,500 and 3 or more cannot exceed $76,475 in order to be eligible for the program (see the TDPA brochure for more details).
The Down Payment Assistance Program can be used with other First Time Homebuyer Programs to help make homeownership possible for almost everyone.
Source:city of Frisco Texas
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