Looking to buy a home in the Houston TX Area? 

The first step is to get your self qualified for the purchase by a qualified and upstanding Loan Officer in Texas (Yours Truly). Then see how much down you will have to give or want to give?  There aren't any zero down programs left to choose from. 

Either you qualify for a conventional or a FHA loan and they both require a down payment.   Conventional you would have to give a 5% Down Payment and FHA is 3.5% Down.  

So how do I get around the down payment requirement you may say?  The stimulus package by Obama has funds to help generate more home buyers in our economic troubled times.  Now more than ever we must try to get the money that was created for the working class. So now we have some options to offer our qualified buyers.  

For the First Time Home Buyer there is the Grant:

What is a Grant?  It is a loan given that the payment is differed until a set time and then is forgiven if the set length of time is met or exceeded. 

Why is this important?  Well if you don't have much money you can purchase a home with little to no money....

What else should I know? More qualifications needed: 1. three years tax returns 2. 6 months bank statements 3. Three months pay stubs

 HUD homes have a promotion $100 down payment program:

What does this mean? Instead of the normal 3.5% down that FHA requires for down if you purchase a HUD Foreclosure you may qualify for the special financing option?   

How do I qualify?  If you qualify for a FHA Loan you qualify!!!

What are the other requirements?  You have to make a full price or higher offer on a HUD foreclosure and not request more than 3% seller contribution...  

If you qualify for this money why not apply for it.  Now there are many people out there that don't want to offer these programs so they simply say that you don't qualify for the money.  There are other qualification filters that have to deal with the house.  So be sure to inform your self on a home and its location before writing a contract for the home.  In our area there are about 4-5 different programs to Assist in Down Payment Assistance.  So not all properties belong to the same program.  If you would like more information about this Contact me for assistance.