Thought all was lost after the April 30 deadline for the "first time homebuyer tax credit?" So many people treated the end of that incentive like the Y2K experience of 10 years ago! Well, good news - it is still an awesome time to buy property, especially in TEXAS!! Here is one reason why -
The TDHCA Texas Homeownership Division is pleased to announce the release of $500 million in mortgage loan funds through the Texas First Time Homebuyer Program. It is anticipated this will help to open the door to homeownership for many low to moderate income homebuyers. Interest rates on these 30-year, fixed-rate mortgage loans will vary depending on the type of loan selected by the borrower. Two types of loans will be available under the program; assisted loans (currently 5.74%), which offer down payment and closing cost assistance up to 5% of the mortgage amount in the form of a 30-year repayable second lien; and unassisted loans (currently 4.99%), with no additional funds for down payment and closing cost assistance.
Interested in learning more about the program? Visit the program website www.MyFirstTexasHome.com or contact one of their area participating lenders.
See, the glass is ALWAYS half FULL!!!
A hopefully insightful, sometimes spicy, always truthful and brutally honest commentary on the world of real estate in Central Texas and now, more about life in Cedar Park, the best 'burb around Austin. This blog will give you a taste of what an experienced, talented REALTOR goes through in order to "Listen to dreams, Achieve Lifestyles" for clients!
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