Texas Home Buyers! FHA, VA Loans and 100% Financing
By: Nick Patton
With the current economic situation as it pertains to home ownership it is imperative that buyers are aware of their options! Now more than ever do lenders and buyers have a responsibility to one another to ensure that they enter into an agreement well aware of each others role in the transaction, their goals and expectations. It is paramount that banks are maintaining the fiduciary responsibility to their investors but at the same time offering flexible programs to help home buyers fulfill their dreams of ownership.
Did you know that Texas has hundreds of approved city’s in rural areas where a home owner can receive 100% financing? This allows today’s home buyer to get into a property with little or no money out of pocket and keep their savings in the bank where it belongs.
HUD (Housing and Urban Development) is offering home buyers who qualify for FHA loans to purchase a HUD foreclosure with only $100.00 down payment! As of today there are 2329 HUD properties listed in Texas with Southwest Alliance. Once again this allows buyers to keep their money in savings but also giving them the ability to earn potential equity by purchasing a property that is being sold less than its previous market value.
Attention of Veterans: Utilizing your honorable discharge from the military will allow you to apply for 100% with a government insured VA loan to purchase a primary residence. This product does not require mortgage insurance as a part of the monthly payment which increases the veterans purchasing power!
To find out more about great home loan options in Texas please visit www.supremelending-nickpatton.com.