FHA Home limits are set up by the government and vary depending on the county and state.  For most of Texas, the FHA home loan limit for a Single Family home is $271,050. 

Counties surrounding the San Antonio area, the FHA home loan limit for a single family home is $332,500.

Counties surrounding the Austin area, the FHA home loan limit for a single family home is $288,750

Below are some of the FHA Home Loan limits for the five major counties in Texas.

If you would like to begin the home loan process for your FHA home loan, please complete our secure online application by clicking here

The Texas Home Loan Team is proud to announce our Purchase Home Loan Special!  This special is for home to purchase a primary residence.  The Purchase Home Loan Special will discount our closing cost by waiving our $495 administration fee!

The purchase loan must close by June 30, 2010 in order to qualify for this discount.

For more information about this exciting Home Purchase Special, please contact our office today!

Real Estate Market on the Rise

December 3, 2009 – According to MLS data compiled by the Real Estate Center at Texas A&M University, there was a 15 percent increase in home sales in October 2009 compared to October 2008.

The median price rose 1 percent to $143,300 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.

With this rise in home sales, this is great news for the Real Estate Market. The increase could be contributed to the First Time Home Buyer Tax Credit, which has been extended to April 30, 2010.

For the DFW area, Dallas saw a 12 percent increase in home sales in October 2009 compared to October 2008. Fort Worth saw a 8 percent increase.

For addition information and home data, visit the Texas Real Estate Center by clicking here.

For more information about Texas Mortgage and Real Estate News, click here.

Texas Home Loan Team
at 1st Advantage Mortgage
1000 Ballpark Way Ste 210
Arlington, TX 76011
Email: info@texashomeloanteam.com
Telephone: 817-804-4960

Website: www.txmortgagespecials.com

PROVEN SERVICE

• FHA Home Loans
• VA Home Loans
• Conventional Home Loans
• FIXED Rate Mortgages
• Adjustable Rate Mortgages
• Cash Out Refinances
• Plus many more

It is official.  President Obama has signed the Homebuyer Tax Credit today and extended the benefits.  The new extension allows homebuyers to be under contract by April 30th and close on the house by June 30, 2010.

The housing tax credit portion of the bill extends the $8,000 tax credit for home buyers who are purchasing their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to other homeowners who have lived in their current home for at least five years and are seeking to relocate. 

Another modification to the original legislation raises the income limits for program participation from $75,000 for a single purchaser to $125,000 and from $125,000 to $225,000 for a couple.

This is great news for first time home buyers and people who are looking to relocate.

Contact our staff for more information about the Tax Credit.

Texas Home Loan Team
1st Advantage Mortgage
www.texasmortgagehomeloans.com
info@texashomeloanteam.com
817-804-4960

Texas Cash Out

Home equity loans are a particular form of home mortgage which enable a homeowner to convert the equity in his home into cash by borrowing money secured by a lien on his homestead. The word “equity” means the difference between the fair market value of your home and the total of all the debts against it.

You can take cash out for many reasons, home improvement, debt consolidation, vacation funds or just extra cash on hand.

Texas cash out loans have some of the strictest guidelines available. Homestead owner-occupied properties can have an LTV no higher than 80% and the homeowner must have a 12-day waiting period before closing.

Cash out loans frequently allow consumers to save money by paying off higher interest rate debts with the proceeds from their refinance

Rates on cash out home loans are typically much lower than those on credit cards and other types of consumer debt.

By taking a cash out loan to pay off credit cards or other debt, you may be able to write off the interest on your taxes. You should talk with your tax advisor for more specific details.

Need money for College? Refinance your home now and fund your child’s education while reaping the tax benefits.

The holidays are nearing and your short on cash. You can do a cash-out refi instead of using credit cards and you will enjoy a lower rate and payment.

There is no better way than to combine all of your non-deductible debt and turning is to all deductible. This is also a great way to free up cash for investing.

http://www.brokeroutpost.com/reference/10620.htm

http://www.expertlaw.com/library/finance/Texas-home-equity.html

Texas Cashout Home Mortgage Loans

Our staff is here to help you with your Texas Cash Out Home Mortgage Loan. We understand Cash Out Home Mortgage Loans! Whether you are wanting to pay off debts or wanting to do home improvements, our staff will find the right home mortgage loan program for you!

Texas Cash Out Home Loans allows borrowers to get cash back by refinancing their existing mortgage! Borrowers can borrow up to 80% of the appraised value of their home (Texas State Law). The Texas Cash Out home loan is a great way to consolidate debts into one easy monthly payment!

Texas Cash Out home loans have the same loan limits as a Conventional Loan, current loan limits are $417,000.

Contact the Texas Home Loan Team for more information regarding Texas Cash Out Home Loans!

Purchasing a New Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Looking to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home’s equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for

FHA/VA Home Mortage Loans

FHA Home Mortgage Loans

Our staff is here to help you with your Texas FHA Home Mortgage Loan. We understand FHA Home Mortgage Loans! Whether you are looking to purchase or refinance, our staff will find the right home mortgage loan program for you!

Texas FHA Home Loans allows borrowers to get a FHA home loan with as little as 3.5% down! FHA home loans can be used to purchase a primary residence or refinance a primary residence. Sellers can contribute up to 6% of the sales price towards closing cost!

Refinance your existing FHA home loan with a streamline FHA mortgage. Streamline FHA home mortgage loans have reduced closing cost.

Contact the Texas Home Loan Team for more information regarding Texas FHA Home Loans!

VA Home Mortgage Loans

Our staff is here to help you with your Texas VA Home Mortgage Loan. We understand VA Home Mortgage Loans! Whether you are looking to purchase or refinance, our staff will find the right home mortgage loan program for you!

Texas VA Home Loans allows borrowers to get a VA home loan with 0% down! VA home loans can be used to purchase a primary residence or refinance a primary residence. Sellers can contribute up to 4% of the sales price towards closing cost!

Texas VA Home Loans are designed for borrowers who are in the armed forced including Army, Military, Navy, Air Force and other departments. Borrowers must have enough VA Eligibility Benefits to purchase the new home.

Borrowers can also refinance an existing VA home loan with reduced closing cost!

Contact the Texas Home Loan Team for more information regarding Texas VA Home Loans!

Purchasing a New Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Looking to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home’s equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for

Texas Refinance Home Mortgage Loans

Our staff is here to help you with your Texas Refinance Home Mortgage Loan. We understand Refinance Home Mortgage Loans! Whether you are looking to lower your mortgage rate or reduce your monthly payment or take out some extra cash to payoff debts or remodel, our friendly staff is here to help!

There are many different types of loans that can be used to refinance a home. The Texas Home Loan Team at 1st Advantage Mortgage offer several different loan programs including FHA, VA, Conventional, ARM and Jumbo home mortgage loans.

Contact the Texas Home Loan Team for more information regarding Texas Refinance Home Loans!

Purchasing a New Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Looking to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home’s equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for you.