Conroe, TX

If your dream lifestyle includes an upscale setting with occasional glimpses of Lake Contoe and the secure feeling of living in a gated community. We now have an offering such as that at a true bargain price. To visit it, you need to treat yourself to a trip down League Line Road to "Pebble Glen on Lake Conroe."

The lot is not water front, but the trip to it is filled with thrills for your senses. Easy access off I-45N, close proximity to a large outlet mall, a Cracker Barrel and other eateries plus lovely forested rolling hills are just a few of the pluses this location affords.

Several other high end communities are also close by. The French Quarter development, Bella Vista and Piney Shore Resort feature homes that are pleasant to see.

A new home has just been built across the street from this lovely lot. With a little creativity you can design something stunning! Perhaps you can even create a roof deck or third story that will give you a priceless view, with no chance of erosion!

The lot comes with a back fence, easy access to the area storage lot for your boat or water toys and just enough trees to make a great start to your landscape. Just look at this precious yellow weed. If it is this happy here just imagine how delighted more civilized plants that get occasional attention will be.

Since this area has been built with all the insulation from a boring life style, you can be free to express your unique style. Coming home to this lot could be the beginning of great fun.

Here is your weekly interest rate update:

Conventional 30 year Mortgage: 3.875%

Credit score:740

LTV:80%

Loan Amount:$200k

APR: 4.25%

FHA 30 year:3.75%

Credit Score:640

LTV:96.5%

loan amount:$200k

APR:4.85%

Conventional 15 year:3.125%

Credit score:740

LTV:80%

Loan Amount:$200k

APR:3.5%

Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

As noted in my previous post the HAP $10,000 Down payment assistance program ran out of money in late 2011. First the Good news the HTF- HAP $10,000 Texas Down payment assistance program is coming back within the next few weeks. The not so good news is that TDHCA will only be allocating $1,000,000 and that is enough for less than 100 loans across the state of Texas.

Once this funding is gone the program will be discontinued and it will NOT come back. Of the down payment assistance programs in the state of Texas the HAP down payment assistance program is by far the best and has the lowest fees of any down payment assistance program in the state of Texas for First time home buyers. The most uptoday information on this program and other first time home buyer programs in Texas is located at our Texas First Time Home Buyer Program Resource page.

Purchasing your first Home in Texas is about to become more difficult and costly

As announced on January,26 2012 FHA is considering Lowering the Seller contributions. The HAP $10,000 Texas down payment assistance program was the only program that a first time home buyer could use to get into a home with very little to no down payment. However, while most down payment assistance programs in the state of Texas such as Homes for Heroes and TDHCA Bond 77 will assist you with the down payment they do not cover much if any of the closing costs. For example on Bond 77 TDHCA provides you with the down payment but does not provide you with the closing costs. The same is true with with the Homes for Heroes down payment assistance program. The HAP $10,000 down payment assistance program solves all of these problems for Texans wishing to purchase their first home.

Waiting to apply for down payment assistance means you may get none at all

It cannot be underscored enough that if you are considering using the HAP $10,000 down payment assistance program in Texas that you get your application in to a Lender that is approved to offer the program immediately. We offer these loans and access to this and many other Texas First time home buyer and down payment assistance programs. If your lender does not carry ALL of the Texas Down payment assistance programs you may apply with us with our online application located here.

Where can I find out more about first time home buyer programs in Texas?

As more updates become available on Texas First time home Buyer Down Payment assistance programs we will post them at our first time home buyer and down payment assistance program page.

CLOSED: Lease Home on Lake Conroe!

The above photo shows the beautiful view that now greets my client Anna each day as she relaxes on her back patio or in her living room at 854 Lake View Dr.! A lease home on Lake Conroe is an exciting residence for those who love the open water- and there lovely homes available for under $2,000/month.

Anna and I met recently at my church following her relocation to the Houston area from Hawaii. Hawaii is difficult to leave behind, she tells me, and water views were something she didn’t want to be without. We began searching for lake front homes for lease on Lake Conroe and visited several, but none could compare with the amenities and gorgeous view at 854 Lake View Dr., a listing held by a local Lake Conroe real estate broker. After negotiating a satisfactory lease, we went from signed contract to Anna’s move-in date in less than 1 week!

If you are searching for a Lake Conroe lease home with waterfront, please contact me today to begin your search!

On January 23, 2012 FHA published a memo recommending a reduction in the amount that a seller can assist home buyers with their costing costs from 3% to 6%.

Foreclosures Lower with FHA but FHA is in Denial

It was brought up in 2010 and commentary from the public was an overwhelming NO. So the Proposal was shelved. However with the new year this proposal has gained new life with the Federal Housing Administration and HUD. As the refinement in home mortgage lending has occurred over the past 5 years. Delinquencies are down sharply as noted in this article by Housingwire. So who will this impact the most? First time Home Buyers who use down payment assistance on more affordable homes.

As it stands now using down payment assistance programs such as Bond 77 and it's higher costs would prevent thousands of First Time Home buyers in Texas from using popular programs like Bond 77, Homes for Heroes and other programs that provide assistance for the down payment but not for closing costs.

Devastating Results of Reducing Seller Concessions to First Time Home Buyers

Lets use the example of a $100,000 house. Total closing Costs of Tax and Insurance Escrows, 1-year of Insurance, Title and Lender fees are fairly fixed and exceed $3,000. Currently the seller may pay up to 6% or $6,000 and this is adequate for homes even that are in higher cost county such as Harris County that has higher Taxes and towards the the coast would have windstorm and flood insurance requirements. Under this proposal anything in excess of the $3,000 would have to be paid for with either cash or a gift to the buyer.

This very fact would knock thousands of first time home buyers, educators, firemen and law enforcement from using down payment assistance in Texas. As a result the housing market which is so important to our national economic recovery would suffer.

FHAs Motto to Serve the Undeserved looks like it needs to be changed.

I'm interested on your thoughts on the subject. Feel free to comment below. As soon as this proposal is released to the Federal Register I will post a Link to the Comment Section so you can voice your opinion to FHA and HUD