Thursday, November 4, 2010

Great News - 1st Time Home Buyer Interest Rates Dropped! (Texas)

From the Texas Department of Housing and Community Affairs:

Effective Nov. 1, 2010, the Texas Department of Housing & Community Affairs reduced its interest rate on mortgage loans offered through its Texas First Time Homebuyer Program to its lowest levels ever, further opening the door to safe and responsible homeownership for qualifying low- to moderate-income Texans.

Interest rates on these 30-year, fixed rate mortgage loans have been set at either 4.20% (unassisted) or 4.95% (assisted), depending on which of two types of loans the borrower selects. Assisted loans offer downpayment and closing-cost assistance up to 5% of the mortgage amount.

To learn more about the program and eligibility requirements, please visit www.myfirsttexashome.com.

Thinking of buying your first home? Contact Brooke LeMond at 512-284-0799 for a free Home Buyer's Book or to get home listings. Or email at brooke@brookelemond.com