WHAT IS USDA??? 100% FINANCING!!!!
* NO MONTHLY MORTGAGE INSURANCE!!! Results in LOWER MONTHLY PAYMENTS!!!!
* Closing Costs and Pre-Paids CAN be financed!!!
* Conforming loan limit to $417,000 so we’re not talking about distressed homes!
* 30-Year FIXED and Loan is assumable so re-sales are more marketable.
TO BE ELIGIBLE:
* Minimum Credit Score = 620 (Subject to Credit Report)
* Income Limits: $74,050 for a family of 1-4; $97,750 for a family of 5-9
* You have to be a US citizen OR eligible to work in the US and have a SS number.
* Eligible property must be your permanent residence and ALL buyers must occupy the property so this is not a program suited for investors.
LOWER MONTHLY PAYMENTS:
Example of FHA versus USDA Monthly Payments including Principle, Interest, Taxes & Insurance:
FHA: $150,000 Sales Price = $1249.32 Monthly Payment
USDA: $150,000 Sales Price = $1186.63 Monthly Payment
If this perks your interest and you are in the market to make a move, give me a call or send an email for additional info on this valuable program.
Friday, March 11, 2011
Wednesday, January 26, 2011
Wednesday, January 5, 2011
3rd Annual Arbor Day
The 3rd Annual Arbor Day, a FREE celebration, is set for Saturday, January 22 from 10a.m. until 2 p.m. at Rob Fleming Park in The Woodlands' Village of Creekside!
Approx. 31,000 tree seedlings in eight different varieties will be distributed. The selections of trees include Bald Cypress, Flowering Dogwood, Laurel Oak, Loblolly Pine, Red Maple, Southern Crabapple, Southern Wax Myrtle and Wild Common Apple. In addition to receiving free tree seedlings, guests may register at the event to win one of five, seven-gallon native trees. The drawings will take place hourly. You must be present to win.
Tuesday, January 4, 2011
Houston's Calm Before the Storm
It was rather calm here in the last quarter of 2010 but future growth predictions for Houston indicate it’s a calm before a storm.
The Institute for Regional Forecasting (IRF) predicts that 3.7 million people and 1.5million jobs will be added to the eight-county Houston MSA over the next 25 years.
Houston will experience a growth at 2.5 percent per year between now and 2020. The population is predicted to grow to 7.4 million. At the same time, about 700,000 jobs will be created in the area, according to the IRF annual long-term forecast.
According to a new report by Veros Real Estate Solutions, Houston is expected to post the nation’s strongest home price appreciation over the next year. Houston will help Texas lead the nation in terms of home price appreciation over the next 12 months.
As forecasters often say, demography is destiny and Houston is home to 38 top-ranked companies according to Forbes. What you currently have in demography tends to grow stronger over time.
Despite these lack luster months, the region seems to possess remarkable resilience in retaining median sales price and raising the average sales price. The statistics aren’t pretty but we forget how lucky we are to be in Houston, where it doesn’t get much better than this.
Info provided by PGG
The Institute for Regional Forecasting (IRF) predicts that 3.7 million people and 1.5million jobs will be added to the eight-county Houston MSA over the next 25 years.
Houston will experience a growth at 2.5 percent per year between now and 2020. The population is predicted to grow to 7.4 million. At the same time, about 700,000 jobs will be created in the area, according to the IRF annual long-term forecast.
According to a new report by Veros Real Estate Solutions, Houston is expected to post the nation’s strongest home price appreciation over the next year. Houston will help Texas lead the nation in terms of home price appreciation over the next 12 months.
As forecasters often say, demography is destiny and Houston is home to 38 top-ranked companies according to Forbes. What you currently have in demography tends to grow stronger over time.
Despite these lack luster months, the region seems to possess remarkable resilience in retaining median sales price and raising the average sales price. The statistics aren’t pretty but we forget how lucky we are to be in Houston, where it doesn’t get much better than this.
Info provided by PGG
THINKING ABOUT RENOVATING?
If you are contemplating a renovation, you'll want "YOUR RENOVATION HOMEBUYER'S GUIDE" put out by Gibralter Mortgage Services. As a service, they are allowing me to pass it along to anyone interested.
Included in the info is:
1. Recognizing a "Diamond in the Rough"
2. How To Get Started (i.e. lenders, inspections, etc.)
3. Others you may need to get involved such as Realtors, Appraisers, etc.
4. Do it yourself or hire a professional
5. Contracts when dealing with professionals
6. Keeping your renovation legal (i.e. permits & building laws)
7. Renovation Timeline
8. Saving money
And much more....
This is absolutely FREE OF CHARGE & OBLIGATION and I can mail you a hard copy or attach it to an email. Just let me know by either calling or sending me an email.
Included in the info is:
1. Recognizing a "Diamond in the Rough"
2. How To Get Started (i.e. lenders, inspections, etc.)
3. Others you may need to get involved such as Realtors, Appraisers, etc.
4. Do it yourself or hire a professional
5. Contracts when dealing with professionals
6. Keeping your renovation legal (i.e. permits & building laws)
7. Renovation Timeline
8. Saving money
And much more....
This is absolutely FREE OF CHARGE & OBLIGATION and I can mail you a hard copy or attach it to an email. Just let me know by either calling or sending me an email.
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