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Henry J Daniels - VA, FHA, USDA & Conv - Purchases, Refi & Custom Home Loans

The Woodlands Strykers Baseball Team Honors Vets and the Oil Industry

The name of New The Woodlands, Tx Franchise of Texas Collegiate Baseball Team is the the Woodlands Strykers. The name honors our Vets by using the Name of the the Stryker Armored Vehicle which was named after PFC Stuart S. Stryker and Specialist Robert F. Stryker who posthumously received the Medal of Honor for defending our country.

The Logo pays homage to the Oil Industry that has made the Woodlands Texas great. Kind of like a Double Play

Woodlands Tx Strykers Baseball Team

Opening Games will Be June 1-3 @ Woodlands Christian Academy. Let's Play Ball!

Tickets may be Purchased at the Woodlands Strykers Web site I'm looking forward to some Local Baseball from Talented Players. How about you?

One First time Home Buyer Program will soon be Gone in Montgomery County

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.

New first time home buyer programs in the woodlands TexasOnce 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 first time home buyer programs in Montgomery County Texaspayment 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.

FHA Proposal to reduce seller concessions would devastate First time Home buyers in Montgomery County

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

FHA Robs home buyers of help in purchasing homesIt 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

Texas first time home buyers using down payment assistance denied homesLets 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

TDHCA Bond 77 Down Payment Assistance Is Back for the New Year in Montgomery County

Bond 77 rolls out new program servicer Down Payment Assistance for first time home buyers still available.

It took a while, however the latest news for first time home buyer down payment assistancePurchasing a New Home with no money down in Texas is that the bond 77 Texas Down payment assistance program is back after transitioning to another servicing company.

If you have been waiting for funds to become available after the after the last program servicer terminated their involvement with the program you can now get a new start with the new year. You may want to hurry because program funds are low the current allotment "Lot 17" is expected to be exhausted by January 15, 2012. As always with all Texas first time home buyer down payment assistance programs this program will not receive any funds once funds are exhausted.

Although additional funds have not been allocated to the Bond 77 down payment assistance program funds that were not used in previous allocations have been recycled and will be available with each allotment.

Bond 77 allotment 17 funds are now availabe. As noted in my previous post in an effort to lengthen the amount of time that Bond 77 Down Payment assistance is available TDHCA has slashed the amount of down payment assistance available to each buyer by 20%.

Henry J Daniels Helping you finance your new home in Montgomery County TexasThe interest rate for the TDHCA Texas down payment assistance for the new allotment #17 is only slightly lower since previous allotments even though market rates have fallen dramatically . The program is rapidly running out of money and is not expected to last much longer. To make sure you receive down payment assistance in Texas you need to have your current lender register your loan immediately and close your loan by February 15th. If you are not working with a lender that can do Texas Down Payment Assistance programs you will want to fill out our online application here and we would be delighted to assist you with your loan as soon as possible before funds are gone. As mentioned on my original post the program will not be re-funded once funds are exhausted. Based on current usage even with the reduced down payment assistance it is estimated that down payment assistance from the state of Texas will be exhausted by the early next year.

If you are already working with another lender you MUST contact them to obtain the assistance. If they cannot do bond 77 we will be happy to assist you and transfer your application to our office. You may start the process by using our online application here.

To qualify for these programs you must be able to qualify for a regular FHA Mortgage. If you cannot qualify and be approved by an approved TDHCA Lender you cannot receive the funds for bond 77. To find out if you qualify you will need to fill out our online application here or simply call our office at the number below and we will be happy to assist you.

Texas Down payment assistance Interest Rates are set in allotments or “LOT”s. Each Bond 77 "lot" is good for a maximum of 90 days. Once Funds are exhausted for a given allotment a borrower must wait for the next allotment to reserve their Texas down payment assistance funds.

Don't Forget you will need to take a HUD approved Home buyer education class to takefirst time home buyer down payment assistance advantage of this Texas First Time home buyer down payment assistance program.

If you have specific questions about Income Caps, Purchase price limits or other details of the program in your area call our office at the numbers below and speak to a Mortgage Banker. If you are currently working with another lender on your Bond 77 loan you must transfer your loan to our office before we may assist you.

Here are the revised details and rates for TDHCA Bond 77 Lot 17 or allotment #17

  • Loan must close by 2/15/2012
  • “Lot 17“ expires on 1/15/2012 – all loans on this program must close by 2/15/2012. Loans that will close after that date will lose their down payment assistance.
  • You can find the current interest rate for bond 77 lot 17 by calling our office
  • 4% Down Payment Assistance - DPA, DPA is due on sale, Refinance or no longer occupies the primary residence (In other words, the assistance that you receive you must pay back when you sell or refinance the home during a specified time See the details here)

Future Lot Details - TBD - If their are funds available

Additional program details and qualifications here.

100-years of Conroe History Celebrated on November 17th

On November 17, 2011 the Historic Gentry Building will celebrate it's 100th birthday! Everyone is invited!

Conroe Gentry building is 100 years old

The Centennial Celebration is called "Century of the Gentry". At Main and Simontonin downtown Conroe from 5pm to 9pm. There will be antique cars of the Era on display, barber shop quartets, people in costumes of the era, musical groups and of course refreshments serves at the Hilson's onMain.

A short history of the Gentry Building is after the second fire in Conroe that destroyed 65-structures the Gentry building became the first building to meet the newly mandated code requiring stone, brick or cement that could withstand a similar fire. Within the past 100-years the Gentry building has been home to many different businesses that include a newspaper, bank, barber shop, meat market and even the District Attorney's main offices.

There will be volunteers dressed in period clothing however, attendees are encouraged to dress in fashions of the period to add to the ambiance.

Also being celebrated is another treasure of Conroe the restored landmark, the Madeley Building just around the corner which is home to the Conroe Art League.

So come on down and Celebrate 100-years of historical Conroe with the family friendly fun on November 17.