Monday, December 9, 2013

New FHA Loan Limits For Your Texas County…


brett1 209x300 New FHA Loan Limits For Your Texas County...Ice Armageddon in Dallas this weekend.
I managed to survive. …Back at work today.
For those of you who were in it – I hope you and your family made it through safely.

Mortgage backed securities have taken a beating over the last 2 weeks resulting in higher mortgage rates. Last weeks jobs report didn’t help rates.
I’ll keep you updated going forward.

I wanted to give you an updated list of max FHA loans by county in Texas.  This is for single family homes…
County NameOne-Family
ANDERSON$271,050
ANDREWS$271,050
ANGELINA$271,050
ARANSAS$271,050
ARCHER$271,050
ARMSTRONG$271,050
ATASCOSA$332,500
AUSTIN$272,550
BAILEY$271,050
BANDERA$332,500
BASTROP$288,750
BAYLOR$271,050
BEE$271,050
BELL$271,050
BEXAR$332,500
BLANCO$271,050
BORDEN$271,050
BOSQUE$271,050
BOWIE$271,050
BRAZORIA$272,550
BRAZOS$271,050
BREWSTER$271,050
BRISCOE$271,050
BROOKS$271,050
BROWN$271,050
BURLESON$271,050
BURNET$271,050
CALDWELL$288,750
CALHOUN$271,050
CALLAHAN$271,050
CAMERON$271,050
CAMP$271,050
CARSON$271,050
CASS$271,050
CASTRO$271,050
CHAMBERS$272,550
CHEROKEE$271,050
CHILDRESS$271,050
CLAY$271,050
COCHRAN$271,050
COKE$271,050
COLEMAN$271,050
COLLIN$271,050
COLLINGSWORTH$271,050
COLORADO$271,050
COMAL$332,500
COMANCHE$271,050
CONCHO$271,050
COOKE$271,050
CORYELL$271,050
COTTLE$271,050
CRANE$271,050
CROCKETT$271,050
CROSBY$271,050
CULBERSON$271,050
DALLAM$271,050
DALLAS$271,050
DAWSON$271,050
DE WITT$271,050
DEAF SMITH$271,050
DELTA$271,050
DENTON$271,050
DICKENS$271,050
DIMMIT$271,050
DONLEY$271,050
DUVAL$271,050
EASTLAND$271,050
ECTOR$271,050
EDWARDS$271,050
EL PASO$271,050
ELLIS$271,050
ERATH$271,050
FALLS$271,050
FANNIN$271,050
FAYETTE$271,050
FISHER$271,050
FLOYD$271,050
FOARD$271,050
FORT BEND$272,550
FRANKLIN$271,050
FREESTONE$271,050
FRIO$271,050
GAINES$271,050
GALVESTON$272,550
GARZA$271,050
GILLESPIE$271,050
GLASSCOCK$271,050
GOLIAD$271,050
GONZALES$271,050
GRAY$271,050
GRAYSON$271,050
GREGG$271,050
GRIMES$271,050
GUADALUPE$332,500
HALE$271,050
HALL$271,050
HAMILTON$271,050
HANSFORD$271,050
HARDEMAN$271,050
HARDIN$271,050
HARRIS$272,550
HARRISON$271,050
HARTLEY$271,050
HASKELL$271,050
HAYS$288,750
HEMPHILL$271,050
HENDERSON$271,050
HIDALGO$271,050
HILL$271,050
HOCKLEY$271,050
HOOD$271,050
HOPKINS$271,050
HOUSTON$271,050
HOWARD$271,050
HUDSPETH$271,050
HUNT$271,050
HUTCHINSON$271,050
IRION$271,050
JACK$271,050
JACKSON$271,050
JASPER$271,050
JEFF DAVIS$271,250
JEFFERSON$271,050
JIM HOGG$271,050
JIM WELLS$271,050
JOHNSON$271,050
JONES$271,050
KARNES$271,050
KAUFMAN$271,050
KENDALL$332,500
KENEDY$271,050
KENT$271,050
KERR$271,050
KIMBLE$271,050
KING$271,050
KINNEY$271,050
KLEBERG$271,050
KNOX$271,050
LA SALLE$271,050
LAMAR$271,050
LAMB$271,050
LAMPASAS$271,050
LAVACA$271,050
LEE$271,050
LEON$271,050
LIBERTY$272,550
LIMESTONE$271,050
LIPSCOMB$271,050
LIVE OAK$271,050
LLANO$271,050
LOVING$271,050
LUBBOCK$271,050
LYNN$271,050
MADISON$271,050
MARION$271,050
MARTIN$271,050
MASON$271,050
MATAGORDA$271,050
MAVERICK$271,050
MCCULLOCH$271,050
MCLENNAN$271,050
MCMULLEN$271,050
MEDINA$332,500
MENARD$271,050
MIDLAND$271,050
MILAM$271,050
MILLS$271,050
MITCHELL$271,050
MONTAGUE$271,050
MONTGOMERY$272,550
MOORE$271,050
MORRIS$271,050
MOTLEY$271,050
NACOGDOCHES$271,050
NAVARRO$271,050
NEWTON$271,050
NOLAN$271,050
NUECES$271,050
OCHILTREE$271,050
OLDHAM$271,050
ORANGE$271,050
PALO PINTO$271,050
PANOLA$271,050
PARKER$271,050
PARMER$271,050
PECOS$271,050
POLK$271,050
POTTER$271,050
PRESIDIO$271,050
RAINS$271,050
RANDALL$271,050
REAGAN$271,050
REAL$271,050
RED RIVER$271,050
REEVES$271,050
REFUGIO$271,050
ROBERTS$271,050
ROBERTSON$271,050
ROCKWALL$271,050
RUNNELS$271,050
RUSK$271,050
SABINE$271,050
SAN AUGUSTINE$271,050
SAN JACINTO$272,550
SAN PATRICIO$271,050
SAN SABA$271,050
SCHLEICHER$271,050
SCURRY$271,050
SHACKELFORD$271,050
SHELBY$271,050
SHERMAN$271,050
SMITH$271,050
SOMERVELL$271,050
STARR$271,050
STEPHENS$271,050
STERLING$271,050
STONEWALL$271,050
SUTTON$271,050
SWISHER$271,050
TARRANT$271,050
TAYLOR$271,050
TERRELL$271,050
TERRY$271,050
THROCKMORTON$271,050
TITUS$271,050
TOM GREEN$271,050
TRAVIS$288,750
TRINITY$271,050
TYLER$271,050
UPSHUR$271,050
UPTON$271,050
UVALDE$271,050
VAL VERDE$271,050
VAN ZANDT$271,050
VICTORIA$271,050
WALKER$271,050
WALLER$272,550
WARD$271,050
WASHINGTON$271,050
WEBB$271,050
WHARTON$271,050
WHEELER$271,050
WICHITA$271,050
WILBARGER$271,050
WILLACY$271,050
WILLIAMSON$288,750
WILSON$332,500
WINKLER$271,050
WISE$271,050
WOOD$271,050
YOAKUM$271,050
YOUNG$271,050
ZAPATA$271,050
ZAVALA$271,050
That’s it for today!
Have a good day today! …and thanks for reading.
Brett

Wednesday, December 4, 2013

How To Build A House With An FHA Loan…


brett1 209x300 How To Build A House With An FHA Loan...Did you know you can build a home from scratch using an FHA loan?
It’s true! However, you should know that you can only use it for manufactured and modular homes.
Our One Time Close program provides construction financing, Lot Purchase and a Permanent loan, all wrapped in one.
Here are some of the benefits of this program…
1) Reduction in total cost due to only one closing.
2) Reduces interest rate risk.
3) FHA 96.5% LTV financing allowed.
4) Only one closing prior to the start of construction.
5) No payments due from Borrower during construction.
6) Borrower’s first payment begins once construction is complete.
7) No requalification once construction is complete.
8) Builder/Retailer is allowed staged funded draws during construction based on line-item percentage of completion.
If you would like to build a manufactured or modular home on land – give me a call or shoot me an email. …I’ll be happy to help you out!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett

Monday, December 2, 2013

Property Tax Tip…


brett1 209x300 Property Tax Tip...
This time of year property taxes are due on your property.
There are two issues I see every year with regard to property taxes. …Issues that put people in tough spots.
1) Some people just don’t have the money saved up to pay their property taxes. …They might have had the money, but had to use it on an emergency. …or any number of other things.
2) Some people that have an escrow account on their mortgage – but their mortgage company didn’t collect properly. This often results in an arrearage… Which means your payments go way up until the escrow is caught up.
If you are in either one of these situations – there’s usually an easy fix for it. …Refinancing.
We can often refinance someone in either one of these situations, and we pay the property taxes through the new refinance loan.. …Not only that, but usually at a lower rate and payment than they have now.
Please let me know if you have more questions about how this refinance works.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett