Interest Rates drop in Montgomery County, TX however Down Payment Assistance for Bond 77 Rate Stays High

As market rates continue to fall TDHCA Bond 77 Down Payment Assistance Rates stays high in Texas as program rapidly runs our of funds.

With all of the recent budget talk in Washington DC meny people think that Down Payment assistance for purchasing a new home in Texas no longer exists. While TDHCA is in it's final stages there is still down payment assistance available in Texas

Bond 77 allotment 13 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 interest rate for the TDHCA Texas down payment assistance for the new allotment #14 remains high. The program is rapidly running out of money and is not expected to last much longer. The next 30-days may be the last chance you have to get down payment assistance in Texas before funds are exhausted. 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 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 before the end of summer

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 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 (832) 519-0695 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 take 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 (832) 519-0695 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 details and rates for TDHCA Bond 77 Lot 14 or allotment #14

• Loan must close by 9/15/2011 - Best to have house under contract 30 to 45 days before this
• “ Lot 14“ expires on 9/15/2011 – all loans on this program must close by 9/15/2011. Loans that will close after that date will NOT receive down-payment assistance.
• More Details on Bond 77 Allotment 14 can be found here

Future Lot Details - TBD

Additional program details and qualifications here.

Conroe Homes - Montgomery TX - This time "NO Flood Plain" Ahhh..Home

Donna and Tom Cottrell have "found Home" with their SingingRealtor.com.  The story they have about their last home is scary at best. I was horrified as I listened to how water filled their front yard, then their house, and didn't go down.  Their only escape was by boat.  And they have children.  What a nightmare.  In this part of Texas, the Cottrells are not alone.

Donna and Tom are just super people.  They are easy to talk to, easy to be around, and always something about them that makes you smile.  The Cottrells are one of the many reasons that I LOVE my job. I LOVE being a Realtor.   am very Happy, indeed.  "No man is an island," we all need each other.

The Cottrell family has been through hardships that most families never have to endure, much worse that even being flooded out of their dream home.  The Cottrells know the secret to happiness and contentment. They take life a day at a time, find the positive and give their best every day--to their jobs, their family and interaction with others.

If you knew the Cottrells, I am confident that they would restore your "faith in the human race."  (Like my Mom used to say). 

BUYING or SELLING?  Call YourSingingRealtor.com, Mari !

Cottrell Testimonial:

11302 BURNING TREE is a gorgeous 3/2/2 brick on corner lot in beautiful Walden. Granite counters-stainless appliances-ceramic tile-crown molding-split bedrooms. Woodburning FP with pretty mantle. Covered porches in front and back. Walk-in closets! Master bath with separate shower and Whirlpool garden tub! Radiant barrier in roof with added insulation for LOW utilities. Lush landscaping!! Within walking distance of neighborhood pool!

This listing has recently been reduced to $142,900. click on Address or Picture for more Information.

Lake Conroe Homes for Sale

3202 FITZGERALD is an awesome single story home in Walden! Lot next door is also available! Open floor plan with formal dining room, breakfast room, huge family room with fireplace and high ceilings, 4 bedrooms and 2 baths, ceramic tile in all wet areas! Open kitchen with glass front cabinets, this home is light and bright, close to the new elementary school in the excellent Montgomery School District!

This listing has recently been reduced to $159,900. click on Address or Picture for more Information.

Lake Conroe Homes for Sale

12114 LONGFELLOW is a fabulous custom single story home with all brick exterior, 30 yr roof, terrific floor plan with awesome master suite & sitting area, executive bath with his & her sinks, whirlpool tub, over-sized separate shower & large walk-in closet. Great formal dining & breakfast rooms. Kitchen is spacious and includes a walk-in pantry, corner fireplace in huge family room, neutral colors and nice landscaping. Bring your picky buyers, they won't be disappointed!

This listing has recently been reduced to $186,900. click on Address or Picture for more Information.

Lake Conroe Homes for Sale