The Century Tree Reader

Alternative Homebuyer Incentives – FREE Money!!!

BRYAN, TX — The now-expired homebuyer tax credit was a creative impetus for this spring’s real estate market.  Even though this program has terminated, there are many other opportunities for buyers seeking discounts on home sales.

The website TxHomeProgram.com shows a HUGE list of ideas that make the purchase of a home a reality.  Some of the measures are based on income while others focus on location. The one in Brazos County, for example, is a downpayment assistance plan for lower-income families.  A chart shows you how much income qualifies for a household of a certain size. In North Texas, the City of Dallas Mortgage Assistance is for first-time homebuyers only.

There is also a program search tool which will ask you questions about your financial status, how many people in your home, where you want to live, etc.  It will compile a list of programs for which you qualify.

Additionally, interest rates are extremely low right now. Like Clay Lee said in

his post from June 29th,

there are huge savings over the long term of the loan for those who lock in today.  On a $100,000 home and with a good credit score of 740, your interest rate could be 4.5%.  That is crazy low!!  Last year interest rates were up around 6.5%.  When Ace of Base was singing (1994) 9% was your rate for a mortgage.  And remember the 80s?  Pull out your parachute pants – those rates soared at 18%!  Makes my bangs stand up to think about it!

With a little digging and perseverance, homebuyers can still find great deals on the market.  Talk with me or other great agents at Century 21 Beal to see what is available.

What mortgage programs have you seen????   Leave a comment below to inspire other buyers!

Happy Thursday,

Cindy Seaton, REALTOR

(979) 422-9763

This entry was posted on Thursday, July 15th, 2010 at 10:36 am and is filed under Community Events. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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