Overall Interest Rates drop in Montgomery County, TX however Down Payment Assistance for Bond 77 Rate little changed

As market rates fall TDHCA Bond 77 Down Payment Assistance Rates are little changed in Texas.

Although Washington is dealing with budget issues things look good for Texans purchasing their first home with down payment assistance still available.

Bond 77 allotment 12 funds are now exhausted. 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%.

The rate for the new allotment #13 is now slightly lower at and to take advantage of this program before further cuts in the program you need to fill out our online application hereas soon as possible before funds are exhausted. As mentioned on my original post the program will not be re-funded once funds are exhausted.

If you are already working with another lender you will need to contact them to obtain the assistance. If they cannot do bond 77 we will be happy to assist you to qualify using our online application here.

These programs are available through through Select Mortgage Banks as determined by TDHCA, to qualify for these programs you must be able to qualify for a regular FHA Mortgage. If you cannot qualify and be approved by a TDHCA Approved Lender you cannot receive the funds for bond 77. To see if you qualify you may fill out our online application here to start the process or simply call (832) 519-0695.

Texas Down payment assistance Interest Rates are set in “LOTS” or allotments. Each lot is good for 90 days. Once Funds are Exhausted for a Given Allotment a borrower must be reserved or must wait for next Lot to be Released.

We offer the TDHCA Bond 77 program as an excellent way for a First Time Home Buyers to purchase a home in Texas to qualify for these programs you may Apply Online here or simply call (832) 519-0695 to speak to a Mortgage Banker. Don't Forget you will need to take a HUD approved Home buyer education class to take advantage of this special First Time home buyer down payment assistance programs.

If you have specific questions about Income Caps, Purchase price limits or other details of the program Call our office at (832) 519-0695 and speak to a Mortgage Banker. If you are currently working with another lender on your Bond 77 loan please contact your lender directly or TDHCA Directly.

Here are the details and rates for TDHCA Bond 77 Lot 13 or allotment #13

• Loan must close by 8/15/2011 - Best to have house under contract 30 to 45 days before this
• “ Lot 13“ expires on 8/15/2011 – all loans on this program must close by 8/15/2011. Loans that will close after that date will NOT receive down-payment assistance.
• More Details on Bond 77 Allotment can be found here

Future Lot Details - TBD

Additional Bond 77 program details and qualifications here.

Overall Interest Rates drop in Texas but Down Payment Assistance for Bond 77 Interest Rate stay's high

As market rates fall TDHCA Bond 77 Down Payment Assistance Interest Rates remain higher in Texas.

TDHCA Bond 77 Video

Bond 77 allotment 11 funds are now exhausted. 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%.

What does this mean? The average buyer will have come up with $1,000 to as much as $2,500 additional to purchase a home utilizing bond 77.

The rate for the new allotment #11 is now slightly lower at and to take advantage of this program before further cuts in the program you need to fill out our online application here as soon as possible before funds are exhausted. As mentioned on my original post the program will not be re-funded once funds are exhausted.

If you are already working with another lender you will need to contact them to obtain the assistance. If they cannot do bond 77 we will be happy to assist you to qualify using our online application here.

These programs are available through through Select Mortgage Banks as determined by TDHCA, to qualify for these programs you must be able to qualify for a regular FHA Mortgage. If you cannot qualify and be approved by a TDHCA Approved Lender you cannot receive the funds for bond 77. To see if you qualify you may fill out our online application here to start the process or simply call (832) 303-5693.

Texas Down payment assistance Interest Rates are set in “LOTS” or allotments. Each lot is good for 90 days. Based on date of sale, borrower must be reserved or must wait for next Lot to be Released.

We offer the TDHCA Bond 77 program as an excellent way for a First Time Home Buyers to purchase a home in Texas to qualify for these programs you may Apply Online here or simply call (832) 303-5693 to speak to a Mortgage Banker. Don't Forget you will need to take a HUD approved Home buyer education class to take advantage of this special First Time home buyer down payment assistance programs.

If you have specific questions about Income Caps, Purchase price limits or other details of the program Call our office at (832) 303-5693 and speak to a Mortgage Banker. If you are currently working with another lender on your Bond 77 loan please contact your lender directly or TDHCA Directly.

Here are the details and rates for TDHCA Bond 77 Lot 12 or allotment #12

Future Lot Details - TBD

Additional program details and qualifications here.

Sincerely,
Henry Daniels - Sr. Mortgage Banker & CMPSI Certified Mortgage Coach
(832) 303-5693

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This listing has recently been reduced to $174,900. Click on address/picture or contact Brenda King for more Information.

Lake Conroe Real Estate

446 Stephen F Austin Dr is a beautiful single story home! high ceilings and crown molding throughout! gorgeous stone flooring! fresh paint! light and bright and ready for move in! this home features formal dining room, huge family room with gas fireplace, huge master with his and her areas, breakfast area with huge windows, nice lot with trees, detached garage/man cave. neighborhood features great schools, easy access to 45 and golf!!!

This listing has recently been reduced to $179,500. click on Address/Picture or contact Brenda King for more Information.

Lake Conroe Homes for Sale

446 Stephen F Austin Dr is a beautiful single story home! high ceilings and crown molding throughout! gorgeous stone flooring! fresh paint! light and bright and ready for move in! this home features formal dining room, huge family room with gas fireplace, huge master with his and her areas, breakfast area with huge windows, nice lot with trees, detached garage/man cave. neighborhood features great schools, easy access to 45 and golf!!!

This property is listed at $189,900. For more information click on the Address/Picture or contact Brenda King.

Lake Conroe Homes for Sale