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0 down loan: How to Access the First Time Homebuyer Tax Credit BEFORE Closing - 08/13/09 05:20 PM
The $8,000 first time homebuyer tax credit has been a big help to homebuyers this year.  Although I don't recommend buying a home because of the tax credit, I think its a good idea to put the gas on your purchase if you've seriously been contemplating a home purchase independent of the tax credit.  The last day you can buy a home (i.e.,  keys in your hand, not just putting a contract on a home) is November 30th .  Assuming it takes 30-45 days to close on the mortgage financing, you need to have a property under contract by mid-October, which … (6 comments)

0 down loan: USDA's $0 Down Program Receives Over $11 Billion in Latest Stimulus - 02/23/09 05:01 PM
 

USDA's Rural Housing Service was another recipient of stimulus funds last week through HR 1. This comes as a surprise -- a representative from my local Rural Development (or RD) office said last week they were not anticipating a new appropriation of funds from Congress until March. USDA direct loans received $1,000,000,000 and guaranteed loans received $10,472,000,000 in last week's stimulus.
The country burned through RD funds last year as the loan program became wildly popular since it was one of the VERY few $0 down loan programs. Much like FHA, RD does not fund loans, but provides lenders … (4 comments)

 
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Nicole Lahti, Austin Texas Mortgage

Austin, TX

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United Lending

Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759

Office Phone: (512) 592-5468

Cell Phone: (512) 507-8312

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