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Buying Round Rock Real Estate, Cedar Park, Georgetown TX and Austin Real Estate with ZERO Money Down!
5 Facts You Must Know - and You Can Qualify To Buy with Zero Down Immediately!
Imagine what it would be like if you could easily get qualified to buy the Cedar Park, Austin or Round Rock home of your dreams with $0 money down. Your whole life and financial situation would be much better owning your house instead of renting – right?
Well, no matter what negative news you’ve seen on TV, the newspapers or heard on your favorite radio station – there are still good mortgage loans available and three kinds of $0 money down loans available for move-up buyers & first time Austin home buyers:
1. The old 3% down payment assistance on FHA loans is cancelled effective October 1, 2008. HOWEVER - FHA IS STILL PERMITTING THE 3% DOWNPAYMENT FROM THESE THREE SOURCES: A GIFT FROM YOUR PARENTS, A GIFT FROM RELATIVES, USING YOUR WORK 401(k) - thus keeping FHA loans 100% loans!
2. The USDA Rural Loan is a 100% LTV loan for buying homes in outlying areas around Round Rock, Cedar Park, Austin, Leander, Kyle and Buda - to name a few areas. This program is for first time homeowners earning LESS than $45,000 per year (family of two) or $56,000 per year (family of four). These USDA loans combine low interest rates and zero money down payment features - for new energy efficient homes in rural areas. As a matter of fact, some of the interest rates and loan programs are EASIER to qualify than traditional conventional loans.
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3. VA Loans - these are only available to veterans, their surviving spouses, reservists and honorably discharged retirees. These are stright 100% LTV loans with a 41% debt ratio requirement.
I’m excited to offer you the only $0 Down loans that are still available - as long as your credit scores are at 600+ or higher - AND - you have a clean payment history on all your consumer debts for the past 12 months. See more city information at our home page. Once approved for your loan, you can look for homes in the Cedar Park TX Real Estate community, the Round Rock TX Real Estate market – or anywhere else in Central Texas with my help! As one of the United States best $0 Down specialty mortgage brokers since 1998, we still offer amazing loans and can do 'gifted' FHA $0 Down loans. These are just a bit more restrictive and require more adjusting of the contracts by a SMART Realtor to get the loan to close. Here are what your monthly payments would be on a FHA 6% rate:
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$900/month
$1,050/month
$1,200/month
$1,800/month
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$150,000
$175,000
$200,000
$300,000
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FACT #1: $0 Down FHA mortgage loans are still the smartest loans for first-time buyers and move up buyers - because you can buy any house you want IMMEDIATELY in the Cedar Park, Round Rock or Austin Texas real estate market – and without having to wait years to save cash or repair your slightly damaged credit situation…
Although the sub-prime $0 Down loans are virtually gone, you can still get a 6% rate on a FHA $0 Down purchase loan with a 600+ mid-fico score too. You can get qualified to buy a new builder home in Round Rock, Cedar Park or Georgetown TX Real Estate – or any resale Austin home! If you’re a first time Austin home buyer, you’ll get all the help you need from me to get your credit scores and credit fixed so you can qualify – if poor credit has been holding you back from buying Austin, Round Rock or Cedar Park Texas real estate - then please call me!
 FACT #2: Having NO cash 'saved’ for a down payment and loan is the #1 reason why first-time Austin home buyers and renters do NOT think they can buy. Read more about FREE Cash for Renters here...
Read every word of this brief article and you'll soon find out that you can probably get qualified for a fantastic $0 Down loan too!
Most Austin borrowers and wanna-be home buyers assume you need perfect credit scores above 680-720 to qualify for $0 Down loans - but that’s NOT TRUE! You can actually get qualified and pre-approved if you have below average credit scores too. 
These are the 3 Primary $0 Down Loan Qualifications:
• You’ll need at least a 600+ mid-fico score on all borrowers
• Debt-ratios at 38-41% to your gross monthly income (unless you have 401(kK or other savings)
• 2 year job history, 2 years tax returns and on time credit payments for last 12 months.
Renters can qualify and become home owners - as I'll help you buy right away too!!!
You are permitted to have charge-off's & old medical collections – as long as they are 1 year or older reporting on your credit report if you do FHA loans. You DO NOT need to pay them off prior to closing (unless they exceed $8,000 and are not medical collections.) This usually surprises most renters and first-time home buyers I speak with!
FACT #3: $0 Down FHA loans are ‘unusual’ now because you can buy a house immediately without having to save cash for years and years. You can get a 3% down payment gift from family - or use your own 401(k)...
With a 600 mid-fico score or higher – we can usually help you buy with zero money down!
And, with interest rates at 6% to 6.75% - you’re getting a good loan.
FACT #4: In today's uncertain financial times, a great financial strategy is keeping a cash reserve for emergencies – which is why our $0 Down loans are so popular to most savvy borrowers...
Texas Mortgage Specialists, LLC will help you get qualified and pre-approved to buy now! You'll get NO big surprises when a professional lender (like me) does your loan. I've got a MBA, I give great housing and great financial advice to my customers, and have since 1998 - which means you're going to get personalized financial expertise with my help. Over 94% of my company's business involves both the mortgage loans and the real estate work.
On your loan, you'll also have 'escrows' for your property taxes, homeowners insurance, HOA (if any) and your PMI; or private mortgage insurance (PMI is on all loans that are over 80% loan-to-value) in addition to your monthly principle & interest payments.
FACT #5: MOST borrowers are 'declined' loans because of credit scores and misreporting credit items that can be fixed – typically in 1-3 months! You do not need to pay off OLD medical collections or charge-off's 1 year and older in most cases...
Our lenders take into account that your credit may not be perfect. The next step is for you now – is to do a quick Loan Application so we can go over your credit situation and get Pre-Approved for your $0 Down loan.
You may be able to get LOWER interest rates on your $0 Down Loan if we discover in advance that you have errors or mistakes on your credit reports - that I can help you fix prior to closing!!! Why keep wasting money on renting – let’s get going on working on rebuilding or fixing your credit NOW. Not taking steps to fix your damaged credit is like cutting your finger badly and just letting it bleed – or like driving your car with a half flat tire for 6 months – THAT’S CRAZY MAN!!!
Not fixing your damaged credit is the #1 Mistake that first-time home buyers and renters make. Email me your loan scenario or financial situations to me with this form here:
APPLY NOW and I'll have you Pre-Approved for an excellent $0 Down loan quickly!
Thanks!
Jeff
Jeff Boyce
Multi-Million Dollar Producer
and
Owner
Texas Mortgage Specialists, LLC
(512) 289-9900
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