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Affordable Home Buyer

USDA Guaranteed Funding Fiscal Year 2010 Appropriated Funds

May 12, 2010
USDA Rural Housing Loan

Issuing Conditional Commitments once Appropriated Funds are Exhausted Back in business with the USDA Funding. I never even had a chance to write about it, but for weeks there were fears that “the USDA was running out of money.” Most my motivated clients were sure to close before funding would have been exhausted. But today, Rural Development’s National Office in Washington D.C. sent this announcement. The Single Family Housing Guaranteed Loan Program (SFHGLP) will issue Conditional Commitments once currently appropriated funds for

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USDA and Texas Veterans Land Board 2010 Update

January 23, 2010
Check for Denton County Real Estate

The #2 and #3 most visited pages here at My Denton County Real Estate are the articles I have written that have made me the authoritative REALTOR© in North Texas1 for USDA Rural Development Loans and the Texas Veterans Land Board. Driven by Google searches as seen here and here I felt the need to reassure visitors in 2010 interested in either of these loan programs the information written here is still valid and up-to-date. Self-Proclaimed [↩]

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Buying a Bank-owned Home is "Easy"

October 11, 2009
Bank Owned Properties in Denton County

While making the rounds to other real estate agents blogs, as I often do to keep up on the market in other parts of the country, I found this hilarious and sadly very true video created by Kris Berg from The San Diego Real Estate Blog. This is evidence the shows whether it be in San Diego, California or here in Denton County Texas buying a bank owned property or REO1 it is just as frustrating. Kris really shows the comical side

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Is a 5% Interest Rate a magic number?

September 4, 2009
Texas Home Interest Rates Below 5%

Below is a commentary from CNBC on September 3, 2009 pointing at that historically speaking when the interest rates fall below 5% the Home Buyers comes out to play, and in a big way. The Fall selling season we are entering needs this; but as this story also points out when rates drop as they did last Spring it shows an increase in mortgage applications, not necessarily people buying homes. In the Spring of 2009 a huge portion of this was done

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Buyer Beware: When Considering a Short-Sale and your Tax Credit

June 29, 2009
Short Sale and Foreclosures in Denton County Time Sensitive

This is a topic I have been intending to write about for several weeks — But I have been so busy working on deals with my current clients I have not been able to throw out this bit of caution to some of my readers, and hopefully soon-to-be customers. My prediction after gauging the temperament, price ranges of starter homes, and the quest for a “good deal” by first-time homebuyers is that many hoping to take advantage of this short-sale market may

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Monetizing the Tax Credit for a Down Payment: Clear as Mud

June 1, 2009
Government Down Payment Assistance

Ever since the May 12th announcement from HUD1 that the $8000 First Time Homebuyer Tax Credit was going to be able to be used as a down payment I believe there has been more misconceptions, ill conceived speculation, and just down-right misinformed banter from those in the real estate industry and future home buyers alike. A lot of those in the real estate industry posted information on their blogs, or in forums such as Trulia, ActiveRain and Zillow baiting those interested in

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Updated Restrictions and Income Limits for USDA Rural Development Home Financing

April 27, 2009
USDA Rural Development Logo Thumb

It has been more than a few weeks since I last posted an article on USDA Guaranteed Housing program, the fact is I am working with many clients on this loan program — But I know there are more of you that should be working me. Why do I say this? Google tells me so. The USDA related pages account for 52% of the incoming visitors here. So I apologize that the updates to restrictions and new guidelines are a couple weeks

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