Great News! TDHCA has replenished their downpayment assistance funds available to First Time Home Buyers. This is a below market interest loan that you get in order to make your down payment and it is a deferred, forgivable 2nd line for up to 4%. There are income limits and you will need to have decent credit. Visit http://www.tdhca.state.tx.us/homeownership/fthb/available_funds.htm for more information.
Contact me if you would like to speak with a lender to see if you qualify. That is your first step.
Of course, the First Time Homebuyer Tax Credit is also available to you if you have a home under contract by 4/30/10, so don't wait - get started now and buy your First Home!
Contact me if you would like to receive a FREE First Time Homebuyer handbook - we will mail it to you right away.
Sue Ellett, Broker-Associate
Texas Affordable Housing Specialist
866-693-7741
suemellett@yahoo.com
Great Austin and the Highland Lakes Areas.
I can refer you to a qualified First Time Home Buyer trained agent in other areas of Texas too.....
Showing posts with label downpayment assistance Texas. Show all posts
Showing posts with label downpayment assistance Texas. Show all posts
Wednesday, December 30, 2009
Thursday, June 4, 2009
$8,000 Tax Credit as Downpayment for First Time Home Buyers
We are still waiting for final information on the criteria for these new potential Downpayment loans. More info to come as we receive it...
Sue Ellett 866-693-7741
Sue Ellett 866-693-7741
Sunday, May 24, 2009
$8,000 Tax Credit Soon Can be Used as Downpayment!
Homebuyer Tax Credit Loans may be available soon to use as a down payment on a home.
The Federal Government is working on a plan that will allow eligible borrowers to use the first-time homebuyer tax credit as a downpayment.
The proposal is that State agencies and other HUD-approved lenders would be able to provide short-term loans to qualified buyers as a "bridge loan" to use as the down payment for a first-time home. This loan would then be repaid over time by the borrower.
Parameters for the loans and their repayment are under discussion now and details are expected to be reported soon.
This will be a wonderful opportunity for First Time Buyers to be able to step up their ability and timing to buy to make use of the $8,000 Tax Credit before it expires in December, 2009.
Stay in touch for more information and once it is available, don't hesitate, but get with your Lender and Realtor right away to make it happen - it is a limited time offer!
Sue Ellett, Paragon Property Group - Coldwell Banker United, Realtors 512-422-7182
The Federal Government is working on a plan that will allow eligible borrowers to use the first-time homebuyer tax credit as a downpayment.
The proposal is that State agencies and other HUD-approved lenders would be able to provide short-term loans to qualified buyers as a "bridge loan" to use as the down payment for a first-time home. This loan would then be repaid over time by the borrower.
Parameters for the loans and their repayment are under discussion now and details are expected to be reported soon.
This will be a wonderful opportunity for First Time Buyers to be able to step up their ability and timing to buy to make use of the $8,000 Tax Credit before it expires in December, 2009.
Stay in touch for more information and once it is available, don't hesitate, but get with your Lender and Realtor right away to make it happen - it is a limited time offer!
Sue Ellett, Paragon Property Group - Coldwell Banker United, Realtors 512-422-7182
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