Joe Garcia

THIS WILL ONLY WORK AS AN FHA LOAN Minimum Credit Score is 620 and loan must be Approve/Eligible This is not a quick turnaround loan you can expect 30 to 45 day to close this (TDHCA (The Texas Department of Housing and Community Affairs) has to prepare the Documents for the 2nd lien and they want an Approved underwritten loan and 10 days to prepare their portion of the loan) There is $5 million dollars in this fund and it is reserved on a first come first serve basis The 2nd Lien is provided by TDHCA. This is a 90 day 0% interest loan. After 90 days the loan will become a 2 year note with 10% interest. (it is strongly recommended that the borrower be prepared to file an amendment right after closing) (I have the forms required to file) This is a NON-FORGIVABLE LOAN IT MUST BE PAID BACK. There is a 8-10 week turnaround time for the refund from the IRS Borrowers have to qualify with worse case scenario meaning we have to count the 2nd lien as a liability This can be a 15 year or 30 year loan The borrower can borrower 5% of the total loan amount (this does include the UFMIP) up to $7,000.00 to assist with DP, CC and PP Home Buyers Education is required The same Income Limits apply to qualify for this loan ~ $75,000 for singles and $150,000 for married couples ALL BORROWERS (including non-occupying borrowers) must be FTHB's *NOTE: THE IRS DOES NOT REQUIRE ALL BORROWERS TO BE FTHB's TO QUALIFY FOR THE $8,000.00 REFUND (AKA KIDDIE CONDO) BUT TDHCA IS REQUIRING THIS The only cash back the borrowers can get back at closing is Ernest Money and items POC This Product can be used in conjunction with the Mortgage Credit Certificate Program (MCC) from Plains Capital Mortgage Call for details this is an awesome product for the customer Can be used for SFR, Townhomes, and Condo (no mobile homes) There is a $250 Admin Fee required once the loan has been approved. The check is to made out to TDHCA either by Cashiers Check or Money Order And remember The customers keeps the difference once they request there Tax Credit. Meaning if they only use $3,500.00 of their total Tax Credit they only pay back $3,500.00

FYI: For More Info click on link

http://www.joegarciatoday.com/atj/user/AdditionalGetAction.do?pageId=180067

WOW $86.81 a Sq Ft for New Construction. You have to check this one out. It is a nice home, Open floor plan ready for your special touches. 3 Bedrooms - 2 Bath - 1 Living Area - 1554 Sq Ft - 2 Car Garage - All Electric - Utility Closet - Dining Area - Breakfast Bar - If you want new construction without breaking your budget,
Then you have to look at this one! Fence will be included at this price!