New Programs for Austin and Central TX Homebuyers

There are some great options for you if you're thinking about buying your first home. Many of you have been asking me for some details on what is out there and how it can help you. These are just three of the options currently available. Give me a call to discuss and we can take a look at how to best position you for a purchase.

The City of Austin offers assistance to first-time homebuyers through the Austin Housing Finance Corporation's mortgage credit certificate program. To qualify, buyers must purchase a single-family home condo or townhouse within the Austin city limits with a maximum sale price of $210,375. The program offers a tax credit proportional to the total value of the mortgage and may be used in conjunction with the city's Down Payment Assistance program. For more information, visit the city site.

Homebuyers living outside Austin city limits but within Travis County can receive assistance through the Travis County Housing Finance Corporation. The fund helps low and moderate income homebuyers cover down payment and closing costs with over $8,000 in two forgivable no-interest loans. Homebuyers using this assistance must complete an eight-hour course presented by Consumer Credit Counseling (think of it like you're getting paid $1,000 an hour!). Visit this site for additional details.

Combine these options with the new Federal Tax Credit (up to $7,500) to help make your dream of home ownership a reality. Remember - when you are paying rent you are making someone else's dreams come true. When you are paying a mortgage you are actively creating your own personal long term wealth!

Whether this is your first home purchase or you are a seasoned buyer - working with a qualified Real Estate Consultant and Mortgage Consultant is extremely important. Give me a call to talk about this "new world" market and how to position yourself to be a beneficiary!