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Mortgage
These days everyone is looking for a deal, especially with the amount of foreclosed homes on the market. I would like to take a moment to share with you a few programs that will allow you to purchase your home with $100 down or less.
Mortgage
As a consumer, it’s important to understand that mortgage rates change with the movement in the bond market, specifically the value of mortgage-backed securities. These changes happen daily and sometimes multiple times a day. Rates will vary from program to program. For example, rates on USDA loans are a bit higher than FHA loans because USDA allows for 100% financing.
Mortgage
This program allows a first time home buyer in Texas to monetize the $8000 tax credit and apply it to their down-payment and closing costs.
203K Full, 203K Streamline, Mortgage Programs
Now that you know what’s allowed with the 203k Renovation Loan in Texas it’s important that we discuss what’s not allowed. Any luxury item and/or improvement that does not become a permanent part of the property is not eligible.
203K Full, 203K Streamline, Mortgage Programs
Obtaining a 203k Renovation loan in Texas is a very simple process. The process begins by finding a qualified mortgage consultant who offers the program.
203K Full, 203K Streamline, Mortgage Programs
The FHA 203k loan in Texas allows give buyers the ability to make a home their own without spending a lot of money out of pocket. There is a lot of flexibility with this loan when it comes to repairs or upgrades. This is limited to single family residential homes but the possibilities are endless.
Mortgage
The rates and fees associated with the USDA home loan in Texas are competitive with other programs like standard conventional loans, FHA and VA loans, and unlike these programs, there are no liquid cash reserve requirements associated with the approval of the loan. This means that you do not have to have a large amount of money in reserve after the purchase or refinance to qualify for the loan.
Mortgage
The USDA Rural Development Program is a shining star for many Texas home buyers. Although it is not a new program, it has been identified as one of the few remaining ways to obtain 100% home financing in Texas.
Mortgage, Mortgage Qualifying
It is certain, more now than ever, that the FHA program is the foremost program sought after by Texas residents looking to purchase or refinance.
203K Full, 203K Streamline, Mortgage Programs
The FHA mortgage program, more specifically, the FHA 203k rehab loan, is one of the most sought after solutions Dallas, TX first time homebuyers are turning to these days for low money down.
203K Full, 203K Streamline, Mortgage Programs
An FHA 203k loan is an awesome program if you are planning to purchase a Texas foreclosure that needs a little rehab work. Even though there are some great deals on Texas foreclosures, most of my clients are hesitant to explore that option due to the amount of repairs and initial investment involved with purchasing
203K Streamline, Mortgage Programs
Most of the great Dallas foreclosure deals require additional funds for repairs. One possible mortgage program available to new homebuyers looking to take advantage of one of these Dallas foreclosures is the FHA 203k Rehab loan.
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