austin first time home buyer: City of Austin Down Payment Assistance Not Accepting Applications Until Fall 2010 - 06/02/10 12:19 PM
Email received just now from Sheri Munquia from the Austin Housing Fiance Corporation:
 
Dear Partners:
 
Together, we have helped many qualified families become homeowners by issuing over 2 million dollars in down payment assistance in Fiscal Year 2009-10.  Consequently, the funds for Fiscal Year 09/10 have been committed. With continued support for the Down Payment Assistance Program, the City anticipates new funding for the program at the beginning of the fiscal year.
Effective immediately, the Austin Housing Finance Corporation will not be accepting Down Payment Assistance applications until the Fall of 2010.
 
Thank you for your continued partnership to assist individuals in … (2 comments)

austin first time home buyer: To Buy A New Home Or A Resale Home, THAT Is The Question! - 05/29/10 07:35 AM
This is an important question, and some first time home buyers may have a hard time answering it. Both new homes and resales have their pros and cons. Let's look at each.New homes, they are new. Plain and simple, new home smell. But don't forget the tremendous new home warranty. Fix, replace everything, in most cases, for up to 10 years. New, energy efficient appliances are always nice, especially if they throw in the laundry room. Closing is very quick and easy. No inspections, surveys, or appraisals to deal with. Usually, you have some room to work with in financing a … (1 comments)

austin first time home buyer: The East Austin Market Report - 05/22/10 03:50 AM
The past week in East Austin Real estate!  Are you a first time home buyer, or would you like to purchase an East Austin Home?  There are many properties listed in this part of town, very close to to Downtown Austin.  You can find many local businesses and restaurants with style in this part of town.
 
View Larger Map
I have compiled some information to give you a snap shot of the market in East Austin Real estate, including all East Austin homes available for sale right now.  If you have any questions, contact me.
My information will give you an … (1 comments)

austin first time home buyer: Texas First Time Homebuyer Program (Bond Program 77) just announced! - 05/20/10 12:14 PM
 
Are you a first time home buyer in Austin, TX who needs down payment assistance?
The much anticipated TDHCA Bond 77 down payment assistance program in Texas was just released by the Texas Department of Housing & Community Affairs.  This is specially targetted for first time home buyers in Texas, to augment and replace previous bond programs.

There is $500 million available in funds for low to moderate income first time home buyers.
 
There are 2 types:
 
Unassisted: a 30 year fixed loan at an interest rate slightly below market rate  
Assisted: a 30 year fixed … (3 comments)

austin first time home buyer: What Are You Looking For In An Austin Home? - 05/18/10 04:41 AM
This is an important question, and having good answers is a helpful way to narrow down the choices you have when looking for a home. If you are a first time home buyer, it can be daunting.  Searching for Austin homes, my spot on the map, can leave you scratching your head in confusion. Of course, the most important guideline is budget, but that isn't usually up for debate. Buy once you have a budget nailed down, how do you decide what home you like best? I think the first thing a potential buyer should do in their home search is … (1 comments)

 
Shawn Rooker (Realty Austin)

Shawn Rooker

Austin, TX

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