Finance options in Bexar county, San Antonio, TX

Asked by bubbe2005, Sicklerville, NJ Tue Apr 9, 2013

Looking at purchasing a home within a 2 month time frame.

we both(myself and hubby) have solid employment, pay stubs, W'2 etc....

We don't want to go thru the FHA because of that stupid law that passed beginning June 3rd!!!! paying LMI for the life of the loan...yeh NO THANKS!!!!

we don't qualify for VA cause none of us were in the military.

We want to go thru USDA BUT we are $2300 OVER the income limit!!!!!!

The homes we are looking to buy are in 78253 Alamo ranch parkway area which is in the RD area for San Antonio.

We have genuine savings and can put down at least $5000.

Dual income annually comes to $67,000
I only have 640 FICO score and hubby is currently working on his at the moment...

We can't go conventional because we don;t have 10-20% down payment.

no cash gifts!!! all savings comes from us saving as hard as we can.

We really want the USDA though.....

advice please???

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Tabitha King’s answer
Tabitha King, Agent, San Antonio, TX
Wed Apr 10, 2013
Talk to Vince Alonzo as he has offered to help you with mortgage!

When you are qualified, feel free to call me if you would like my help on finding you a home.
I work as a Realtor full time so you can reach me by phone, email or text anytime!

Have a good one,
Web Reference:
0 votes
Gregory Touc…, Agent, San Antonio, TX
Wed Apr 10, 2013
Once you are set to go, I would enjoy working with you to find the right property. I have helped several families settle into the Alamo Ranch area and I will gladly do the same for you. Please refer to my recommendations so you may see for yourself what others that have worked with me say about my results.

I look forward to hearing from you.

Gregory Touchstone
Keller Williams Realty
0 votes
Vino Alonzo, , San Antonio, TX
Wed Apr 10, 2013
Hi. USDA is an excellent choice for the purchase of your home. It appears you are not over the income limit. The income limit for USDA Guaranteed Financing is $74,750 for a family of 1-4 persons. The limit is higher than that for a family of 5-8 persons or more. I would be happy to help. I will call you in the morning to discuss your situation and help you with a solution.

Vino Alonzo, Loan Officer
NMLS# 184279
Castle & Cooke Mortgage
0 votes
thank you Vino, I look forward to your call.
Flag Wed Apr 10, 2013
Jon Nichols, Mortgage Broker Or Lender, San Antonio, TX
Tue Apr 9, 2013
Based on the information you provided, I believe we can qualify you for USDA. Please call me at 210-789-2870.

Jon Nichols
0 votes
Eric Isarrar…, Agent, San Antonio, TX
Tue Apr 9, 2013
What do both of you do for a living?
0 votes
Gregory Touc…, Agent, San Antonio, TX
Tue Apr 9, 2013
Talk to Vino Alonzo of Castle & Cooke Mortgage. You can trust his experience to guide you in the right direction.

Vino Alonzo
Castle & Cooke Mortgage

0 votes
thank you and I will!
Flag Tue Apr 9, 2013
bubbe2005, Other Pro, Sicklerville, NJ
Tue Apr 9, 2013
so what other options do we have then!?!?! NONE???
0 votes
Claudia McSh…, Agent, San Antonio, TX
Tue Apr 9, 2013
They are $ 2,300 over the income limit, Sally!
0 votes
Sally Butler, Agent, New Braunfels, TX
Tue Apr 9, 2013
You need to find a property that qualifies under USDA guidelines....
0 votes
so not just ANY single family home property that resides in zip 78253 alamo ranch area??
Flag Tue Apr 9, 2013
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