Alan Kirkpatrick Austin Texas Real Estate

A new national "risk list" could help guide real estate investors -- not only those looking to scoop up distressed property through short sales or pre-foreclosure deals with lenders -- but those looking for the safest places to stash their real estate dollars.

PMI Group's quarterly risk list, released earlier this week, rates the relative riskiness of owning or buying property in dozens of major markets around the country. PMI, which is one of the largest private mortgage insurance companies, uses the ratings in its own risk underwriting on home loans.

The safest markets in the country right now -- where there is less than a one percent chance of price declines in the coming 24 months, according to PMI's risk index? Well, the Lone Star state has more of them than any other: Dallas, Fort Worth, Austin, Houston and San Antonio are all rated in the top ten for "safe bets." Not only is Texas's economy growing, and its residential real estate prices moderate, but it never even caught a whiff of all that crazy stuff that was going on during the boom years of 2002 through 2005.

Three other market areas with less than one percent chances of devaluation: Charlotte, North Carolina, Kansas City, Missouri, and believe it or not, Pittsburgh, Pennsylvania. All three are seeing moderate inflation in housing values, solid economic activity, and good prospects for more of the same -- at least during the next two years. And of course, they too never got caught up in the boom.

The venue of the Round Rock Express minor league baseball team. Some notable professionals have passed through this stadium on their way to the Major League Baseball. A great location just off of hwy 79 in East Round Rock it is close to Austin, Hutto, Taylor and Georgetown. This venue also hosts other great events like 4th of July Celebrations, Concerts and so much more.

Texas alumni to host camp on January 26
For the second straight year, former University of Texas baseball players will be conducting a youth baseball clinic at The Dell Diamond on behalf of the YMCA of Greater Williamson County. The second annual National Champs Alumni Clinic, which is open to 1st - 8th grade boys and girls, will be held on Saturday, January 26 from 1:00 p.m. - 3:30 p.m. [Full Story]

THE APEX PROGRAM

- 30 year amortized
- 3-year interest only
- 15 year term available day rate lock
- Loans $1MM to $7MM (add 50 BPS for loans under 3MM)
- Available in AZ, CA, DC, FL, GA, MD, NV, TX, VA, WA

GOLD SELECT

- Nationwide lending; min 20,000 population in 5 miles
- Loans $1MM to $15MM
- Very aggressive underwriting, which means high loan dollars

THE FANNIE MAE EXPRESS PROGRAM

- 10 & 30 year Fixed rates, amortized for 30-years
- 5, 7, 15 & 20 year options available
- Loans $500K to $3MM
- Loans $3MM+ may be priced lower and are per quote basis
- Non-recourse
- Nationwide Pricing for metro 250K population and up
- Slight rate add-on for markets 20K to 249K
- 80% of purchase price + closing costs
- Up to 85% LTV for loans over $3MM

THE EXPRESS PROGRAM

- Loans $500K to $2.4MM
- 5 & 7 year fixed options available
- Flexible & Rapid Portfolio Lending
- 1.05x DSCR resulting in higher loan proceeds
- Nationwide Pricing for metro 250K population and up
- Slight rate add-on for markets 20K - 249K
- 80% of purchase price + closing costs.