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Financing in Hays County : Real Estate Advice

  • All12
  • Local Info3
  • Home Buying7
  • Home Selling0
  • Market Conditions0

Activity 8
Wed Jun 28, 2017
Kathy Burgreen answered:
First you do NOT need a big down payment. With an FHA loan you just need 3.5% of the purchase price for a down payment. There is another type of loan that just requires 3% down. Much better than 20% down payments.

Your first step is to contact your bank. You're already a customer there and they need your business. Ask to speak with the lending department. They will pull your credit and review your finances. Discuss with them what your options are, have them give you a side by side comparison of different options and ask about costs that you will need to pay. Lenders do this for free because they hope you become a customer. You will have plenty of time to shop around for lenders later. First start with your own bank.
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Sat Mar 22, 2014
Jonathan Wood answered:
USDA is a great zero down loan program for qualified areas.

While USDA is limited in the areas served, there are 2 other Texas based loan programs to assist with down payment for qualified purchasers in a broader area.

If I can be of any help in those directions please message me to find out other options for zero money down programs.

I hope this helps,

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Tue Jul 23, 2013
Marti Eveleigh,REALTOR answered:
There is a lot of help available to assist with A down payment.. however, the poor credit may be a problem even with those. Owner Finance usually requires more down payment money than a regular loan. Contact me to get more info on Down Payment help! But only you can fix your bad credit!
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Mon Jul 8, 2013
Frank W. Cotter answered:
Ends in Sept and takes most mortgage companies 6 weeks to do the paperwork.
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Wed Feb 13, 2013
Most lenders are at 640 for 100% VA loans.

$0 down VA loans have AWESOME RATES..... You DO NOT pay high interest rates as suggested.

This is a VA Benefit.... We thank you for your service.....

Make sure you talk to lenders about rates and programs.... not real estate agents

Tom Burris
Mortgage Banker
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration =>
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Sat Jun 16, 2012
Kurt Duffeck answered:
Rental refinancing is a rare occurrence as rates are typically high. Now is a actually an extraordinary time to buy if possible... as interest rates for buying are near all time lows which can actually make the monthly cost of owning less expensive than renting. Especially here in the Austin, TX & Buda, TX area. ... more
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Tue Mar 27, 2012
Schwinny asked:
Are refinance rates the same for rental properties?
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Mon Mar 7, 2011
Hello Tina,

Why 6.125%? As someone has already stated, that seems a little high for todays market. How much money are you putting down? Are you utilizing a loan officer or are you doing owner financing? If you are utilizing a loan officer why didn’t they give you an estimated payment? I’d be happy to assist you in your purchase. I am a licensed loan officer in the state of Texas and specialize in purchase mortgages with over 8 years experience. Residential Finance Corporation is a national direct lender with access to the industries lowest rates and more importantly my job here is to educate you and hold your hand through the purchase process. That way you know exactly what you are getting and comfortable to move forward and achieve your dream of home ownership. Feel free to contact me at any time.

Joshua A. Lerette
Senior Loan Officer
Residential Finance Corporation
800.930.7334 Ext. 1108 – Toll Free
813.402.4637 – Direct Line
727.488.7355 – Cell
888.692.5967 – Fax
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