Permian Basin -Zillow.com and Trulia.com Profile
If you are in the Market to Buy or Sell I can help. If you have questions? I got answers! If I don't know then I will do my best to find out! If you want you can check out my listings on Zillow.com or Trulia.com just click on one of the links.
Happy House Hunting!!
10 comments • Joe Garcia • June 26 2009 01:26AMPermian Basin - The Texas First Time Home Buyers Down Payment Assistance Program
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
7 comments • Joe Garcia • June 26 2009 01:05AMThings You Should Not Do While House Hunting
Via Don Wenner (Keller Williams Real Estate):
There are several important things you need to remember when you are searching for a home. First, you need to understand the importance of working with a realtor. You should never search for a home by yourself. Not only is it unsafe, but you can end up looking at a lot of homes that don't even meet your criteria. Using a realtor will allow you to find out the property details prior to scheduling a visit.
Don't rush. Make sure you give yourself enough time, so you don't have to rush. Don't plan something to do for two hours later after house hunting. You may actually find a home that you like and want to spend more time there, or even make an offer which definitely takes at least an hour. Also, don't drive yourself - always ride with your realtor. This way, you will avoid getting lost and you can provide your realtor with feedback between viewing homes.
You should never bring coffee or carbonated drinks along because you will have to use the bathroom before you finish touring homes. You definitely don't want to use everyone's bathroom, and if the home is vacant, the bathroom probably won't have toilet paper.
Dress comfortably and don't wear lace-up shoes. It is best to wear flip flops or slip-ons because many sellers will request that you remove your shoes when viewing the home. It can become very annoying to constantly untie your shoes at every home and it is a waste time.
Finally remember that you can't offend your realtor, so don't be afraid to give feedback. If you like the home, that is great, but if you really hate it, then let your realtor know. This feedback will help your realtor find the perfect home.
Don Wenner can offer you tips to make your housing hunting easy in the Lehigh Valley. Visit donwenner.com for the best properties in Bethlehem, Easton, or Allentown or Northern New Jersey.
7 comments • Joe Garcia • June 23 2009 01:44AMPermian Basin - Andrews, Tx New Construction
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!
4 comments • Joe Garcia • June 23 2009 01:38AMPermian Basin - New Construction Andrews, Tx
3 Bedroom - 2 Bath - 2 Car Garage - 1 Living Area - Dining Area - Breakfast Bar -Open Kitchen - All Electric Fence included in Price. This home is almost completed ready for you to call it HOME! 1372 Sq Ft per Builders Plans. You will not find new constuction for this price $91.04 a sq ft in Andrews. If you want a new home and still be able to upgrade it later as your budget allows
and know that you will not lose you investment. Then This Is The One !!!
4 comments • Joe Garcia • June 23 2009 01:34AMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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