first time home buyer

August 18, 2008

Minimum down payment on FHA loans increases Oct. 1, 2008

If you have been counting your pennies and saving for the down payment on your Spring Texas home you will want to consider purchasing before October 1, 2008. Because on October 1, the minimum down payment requirement for FHA loans increases from 3% to 3.5% of the sales price. FHA increase on minimum down payment […]
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August 13, 2008

First time homebuyer tax credit – what is it and how to get it

February 2009 UPDATE–  If you were a first time homebuyer and purchased a home in 2008 the tax credit outlined below applies to you.  If you are a first time homebuyer and are planning on or have already purchased a home in 2009 read – 2009 First time homebuyer tax credit. If you are a first time homebuyer […]
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February 6, 2008
earnest money purchasing spring texas home

Spring TX Real Estate: What is Earnest Money?

Earnest Money is the money that accompanies the real estate contract and is meant to show that the buyers are serious about purchasing the home. These funds are NOT in addition to the sale price. The Earnest Money is an amount that is negotiated between the buyer and seller. There is no set minimum amount […]
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