Direct Link McKinney homes for sale:
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Congratulations on your decision to purchase a home. McKinney is a vibrant community that offers a tremendous value to today's home buyer. And a Bond 77 mortgage program provides a great opportunity for you to buy your first home.
Bond 77 is an FHA program that is a grant from the state of Texas for 1st time home buyers or home buyers that have not owned a home in the last 3 years. Foreclosure and Bankruptcy do not disqualify you. It just has to be 3 years since it was discharged and 3 years since foreclosure. You have to have a FICO score of at least 600. This program works for existing homes and build outs. However, you need to make sure that the grant money is available if you are building out because every time someone closes on a home part of the grant money is taken from the program. The current Bond 77 funds expire on October 1. So it is important for you to reserve your funds as quickly as possible. And not all lenders offer this bond money.
I have several agents in my office that specialize in represeting first time home buyers and the mortgage programs available to them. If and when you decide to move forward, I would be delighted to provide you with several of their names so that you can interview them and decide if you want to be represented.
Thanks for using Trulia Voices. I look forward to assisting you in any way that I can.
Alan Wynn - Branch Manager
Coldwell Banker Residential Brokerage
Dallas, TX 75248
This is a good question. What I suggest is to sit down and talk to me or another good realtor who knows the programs available for first time home buyers. There's some that maybe better for you. So, if it were me, I would find a good realtor who has a vast knowledge of what is out here and a very good loan officer. I wouldn't necessarily use a bank. I would go to a reputable lender. I have a list if you are interested.
McKinney FTHB, MCC Bank of America Home Loans Thom Hulme (469) 633-8316 email@example.com
McKinney FTHB, MCC Envoy Mortgage Dudley Snyder (512) 258-0446 firstname.lastname@example.org
McKinney FTHB, MCC Premier Nationwide Lending (NTFN) Cindy Villarreal (214) 423-6300 email@example.com
McKinney FTHB, MCC Universal American Mortgage Company Gilbert Orozco (469) 587-5640 firstname.lastname@example.org
McKinney FTHB, MCC Wells Fargo Home Mortgage Louis Candell (512) 663-1163 email@example.com
Remember, you'll be starting out your first home purchase with a 2nd loan, payable when you sell the house. And, you'll be paying an interest rate above the going market rate. Only you and your lender can decide if this is the best program available to you, based on your specific circumstances.
Have a blessed day!
I am happy to help you through this process.