E. Lee Smith, Real Estate Pro in Austin, TX

I want to buy a house in Round Rock, with no money down. Any suggestions?

Asked by E. Lee Smith, Austin, TX Tue Nov 5, 2013

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Jordan Gouger, Agent, Austin, TX
Thu Jan 23, 2014
Hi Lee,

The options from the other agents below are very good suggestions. To determine your eligibility for the Texas Down Payment Assistance, please visit http://www.tsahc.org/homeownership/are-you-eligible-for-our-… If you are a veteran, the Texas General Land Office funds and underwrites their own loans, which may have even better terms than the VA. To learn more about TX VLB loans, please visit http://www.glo.texas.gov/vlb/veterans-benefits/veteran-loans…

Jordan Gouger
Keller Williams
0 votes
Don Groff, Agent, Austin, TX
Fri Nov 22, 2013
As was said if you do not qualify for VA you may be able to qualify for USDA if your income and the property location qualifies.

Hope this helps.

Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | listings@dongroff.com
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
Web Reference:  http://www.AustinListed.com
0 votes
E. Lee Smith, Mortgage Broker Or Lender, Austin, TX
Wed Nov 6, 2013
The USDA could be a great choice. It looks like you need to go north of 79, for the home to eligible. Some of the Round rock eligible communities are: Legends Village, Estates at Settlers park, Sienna, Paloma Lake and Valley Vista.
0 votes
Walter Rock, , Round Rock, TX
Wed Nov 6, 2013
You can often get a USDA loan on a home with a Round Rock address if the home is located outside the city limits.

Walter Rock
ROCK Properties - REALTORS®
Ph: (512) 850-4510
0 votes
Chad Roberts, Agent, Henderson, NV
Tue Nov 5, 2013
A VA loan has no down payment requirement.

Chad Roberts
Realty One Group
0 votes
E. Lee Smith, Mortgage Broker Or Lender, Austin, TX
Tue Nov 5, 2013
Try to see if you can qualify for a "Down Payment Assistance Grant". With a 4% or 5% Grant/gift issued by a Texas housing corporation, you may be able to buy a home with little to no money out of pocket. To qualify, your credit must be a 640, your income must be $84000 or less and the maximum purchase price is $260,000. If you can qualify for an FHA loan, you may be able to qualify for down-payment assistance.

Please feel free to reach out to me, to discuss what programs and rates are available and to find out if you can qualify. There are many programs and each program has its unique qualifiers...

Now is a great time to buy! Rates are historically low and appreciation is on the rise. The house you like today may have a higher purchase price and higher carrying costs next year.

Good luck with your purchase and best regards!!

E. Lee
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