Home Team of America
Royce Simmonds, Broker-Owner, Simmonds Real Estate Inc.
Bio and other real estate info at: http://www.roycerealestate.com
Cora Hagerty, Realtor
Better Homes & Gardens Real Estate Bradfield Properties
Changing Real Estate Dreams Into Reality Since 1985
With first time buyers, I like to educate them first of the whole process so they know ahead of time what to expect and what they can expect of me and can make sound decisions without regret.
Please feel free to read through my recommendations so you can see for yourself the what others have to say of my service.
I look forward to hearing from you soon
Keller Williams Realty
Yes, there is way to accomplish what you are looking for. There are several ways to do this, actually. I am a lender here in San Antonio and I do quite a few of these types of transactions.
Please cal me at your convenience to discuss.
Vino Alonzo, Loan Officer
Castle & Cooke Mortgage
Now is definitely a terrific time to buy. I don't blame you for not wanting to use your available cash for downpayment or closing costs, however, given your situation, there aren't really any 100% equity loans available to you. You may qualify for a USDA loan and there are lots of areas in and around San Antonio TX that fall into USDA areas. Other than that, an FHA loan is you next, best choice.
There may be some First Time Home Buyer Programs out there as well, but that money can be hard to come by.
My advice is that you find a terrific lender to help you out in that area. As far as closing costs, as others have said, a good RealtorÂ® should be able to negotiate most or all of your closing costs for you.
Another great option for you would be a brand new home, (don't go without a RealtorÂ®) that is offering incentives for you to buy. They; however, would want you to use their lender in that situation.
You do have some options though. I wish you the best of luck in your home search and if you need further assistance, don't hesitate to call or e-mail :)!
Century 21 Northside