0% Down Still Available in Austin Area
This posted courtesy of Tami Malin.
As many people have probably heard over and over is that times are tough in the mortgage industry and home buyers aren’t able to purchase a home without $$$ down. Not so true in some areas surrounding the Austin market.
I have been working for a wonderful, local New Home Builder for the past two years learning their mortgage programs and how they benefit those first time home buyers without money to put down.
Obviously, there is a VA loan which has been very popular with Veterans and will continue to be popular as more and more Veterans come home from overseas. However, in my pocket I also have vast knowledge of another loan that is only available through very few lenders and only a couple of home builders. This loan is almost like a VA and FHA merged to include the best of both loans. NO PMI (private mortgage insurance), Only 1 year FT or PT Job history, 0% $ down at the closing table, Market Interest Rates, Fixed Rate Mortgage, 29/41% Ratios, No reserves required, No loan limit, Do not have to be a first time buyer and, in many cases, it can be used with the $166 mo. Tax credit program if you qualify. Basically to qualify you need to make less then a certain amount of money per household (ex: $57,250 for 1 person) and have not had any late payments on credit in the past year.
I happen to work in the quickly flourishing Kyle, TX area (about 15 min. south of Austin) where you can purchase a quality built, 3 bed, 2 bath home in a beautiful neighborhood, with full amenities and a newly built school across the street for as little as $980 mo. So, I ask why folks are continuing to pay the mortgage on a home or apartment that they personally do not own? Interest rates are low right now. It is a buyers market,
There is still 0% down available…..
What is stopping you?
Visit Main Street Homes or, email me, Tami Malin.
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