Two New Programs to Help TX First Time Homebuyers!

Texas homebuyers who qualify for the federal first-time buyer tax credit have two new programs from the Texas Department of Housing and Community Affairs that enable them to turn that credit into cash for a downpayment.

• The 90-Day Down Payment Assistance Program enables buyers to receive 5% of the first-lien mortgage amount up to $7,000 for downpayment or closing costs as a 90-day no-interest loan.
• The Mortgage Advantage Program works in conjunction with the 2009 Texas Mortgage Credit Program and the Texas First Time Homebuyer Program. Eligible buyers could receive 5% of the first lien mortgage amount up to $6,000 for downpayment or closing costs as a 120-day no-interest loan.

Both programs require buyers be eligible for the federal first-time buyer credit, complete homebuyer education, and file an amended 2008 federal tax return. Funds are available on a first-come, first-served basis for qualifying purchases made before Dec. 1, 2009. For more information and full details about both TDHCA's programs click here!

Still looking for a 100% Financing loan? You might consider the USDA!

Yes, you read that right, the United States Department of Agriculture is offering government insured loans in "rural areas" with 100% financing, that you can obtain through a mortgage broker. A rural area is classified as an area with a population below a certain number based on the 2000 census. In the DFW area, those areas include Hickory Creek and Lake Dallas along with other small towns scattered across the metroplex. The home must be located in a town or city with between 10,000 to 25,000 residents or open country and places with a population of less than 10,000. There are loan limitations and income restrictions, but this is something definitely worth looking into! You may be surprised.

Contact us today for a referral to a lender that handles USDA loans. Click here to search for homes in Hickory Creek or homes in Lake Dallas.

Sprouts has just opened in Coppell!

Coppell I believe is the winner for best groceries stores in the DFW area within a 5 mile radius. They already have a Whole Foods in close proximity to Costco and now a Sprouts Grocery just opened last week! It is located at the intersection of Sandy Lake and Denton Tap. They are even having a demonstration on Thursday, June 11th titled "Fantastic Foods for Glowing Skin" at 7 PM!

If you want to live in a community with great groceries stores like Sprouts, visit our website to view homes in Coppell, Texas!

E.P. Rayzor Elementary in Lantana now rated as Exemplary!

I have a special spot in my heart for this school, as my son goes there. EP Rayzor has been working really hard to get bumped up from Recognized to Exemplary status and with this years TAKS scores they made it! Congratulations Wolves!

If you would like to see homes listed in Lantana, Texas you can visit our website!