Displaying blog entries 1-9 of 9
Rates have increased due to concerns over government spending and inflation concerns. If trends continue rates will continue to rise with periods of stable rates that staircase upward.
If you are looking for a home, you must see www.TheFallsHomeFinder.com . This site is the 1 stop shop for everyone looking for a home.
I wanted to let you know about some interesting news that was just released today in regards to the First Time Home Buyer Tax Credit. Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment.
Secretary Donovan said that important changes, which the National Association of Realtors® has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table."
I wanted to let you know about some interesting news that was just released today in regards to the First Time Home Buyer Tax Credit. Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment.
Secretary Donovan said that important changes, which the National Association of Realtors® has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table."
Are you looking for a home with a pool in Wichita Falls? Please send and email to ashton@bishoprealtors.com with the subject POOL and the price range you would like to stay within.
Within 24 hours you will have a list of every home available with a pool, and receive instant updates as others become available.
Congratulations to Mr. Chad Brewster, Principal at Zundy Jr. High School, who was named as Wichita Falls High School Principal. Mr. Brewster will replace Dr. Bob Mobley, who is retiring at the end of this school year after 40 years of service in education, 28 of those years in WFISD.
Brewster is an 11 year employee of WFISD. He was a social studies teacher in Missouri before coming to WFISD where he was a history teacher and later Assistant Principal at Kirby and then Principal at Zundy since 2004.
Grant McCasland was named the eighth men's basketball coach at Midwestern State University on April 17, 2009.
"Our family is thrilled and honored to come to Midwestern State," McCasland said. "I am thankful (President) Dr. (Jesse W.) Rogers and (Athletic Director) Mr. (Charlie) Carr for trusting me with the responsibility of leading a program with such a great tradition. I hope to continue that."
If his track record as a five-year coach at Midland College is any indication, the Mustangs will be in good hands.
McCasland led the Chaparrals to a National Junior College Athletic Association championship in 2007 and a national runner-up finish earlier this spring. Midland College has won at least 26 games in each of its season with McCasland at the helm while posting a 143-32 record and an .817 winning percentage.
"We just felt like he was such a good fit for our program and what we are trying to do," Carr said. "He has a great passion for the game, and he came across as having a great passion for the kids in the meetings he had with them."
McCasland led the Chaparrals to the NJCAA Elite Eight in all but two of his seasons at Midland College and earned numerous coaching honors as he was named NJCAA National and Texas Association of Basketball Coaches' Junior College Coach of the Year in his national championship season of 2007. He is a two-time NJCAA District Coach of the Year and earned Western Junior College Athletic Conference top coaching honors on two other occasions.
McCasland, who is the first coaching hire from outside of the Midwestern State staff since Dr. Gerald Stockton accepted the position in 1970, steps into a rich basketball tradition at Midwestern State.
The 4th in the series of the First-Time Homebuyers Program administered by the Neighborhood Resources Division - The City of Wichita Falls, Texas is information on what to do if your home needs repairs and how the program is available to you. If you are not familiar with the previous three series, please take a moment to read these to find out how you can benefit from this great opportunity.
What If The Home Needs Repairs Before It Passes Inspection?
After the inspection of the property, a report will be sent ot your REALTOR(R) and lender that describes the needed repairs. The seller usually performs this work up to the repair limits in the sales contract. However in some cases, the buy and seller may negotiate the completion of the required repairs. When repairs are complete, the house is re-inspected. Also the FTHB Program may possibly provide assistance to the buyer after the closing for a major item (e.g roof, electrical) now working properly but in the judgement of the City's inspector, is approaching the end of its useful life and needs replacement. These repairs are made after the closing.
When And How Is The FTHB Assistance Made Available To Me?
After you have met all program requirements and the home passes inspection, a check for $7,500 is issued to your title company for the day of closing.
After Closing, Then What?
After closing, your occupancy of the home may be periodically monitored by the Neighborhood Resources Division during the period of the lien.
Remember, you can contact me for more information on this great program and I can assist you in finding the home that meets your goals. I can even set you up to receive daily emails alerts on homes as the become available within your price range.
Take advantage of this program now and let's start building equity for you!
The Wichita Falls Health Department notified the district yesterday that a negative report was received for all 5 probable swine flu cases. Two of the five negative results are for the students at Southern Hills Elementary.
Southern Hills Elementary will re-open on Monday, May 4 at regular time. All bus routes for Southern Hills students will operate on normal schedule on Monday.
If you have been following my blog this week you have been learning about the First-Time Homebuyers Program administered by the Neighborhood Resources Division of the City of Wichita Falls, Texas. Now you are most likely wondering
HOW DO I APPLY?
First you must apply for a standard mortgage loan (no sub-prime loans allowed) for one of the Participating Lenders, which you can find on my website or from a a recognized mortgage lender who agrees to meet program requirements. Just mention to your lender or REALTOR(R) that you want to apply for the First-Time Homebuyers assistance through the City of Wichita Falls. (You can apply for a loan and the First-Time Homebuyers Program even before you have found a home!)
Now What?
After your lender pre-qualifies you for a mortgage loan, call the First-Time Homebuyers Program at 761-7448 for an appointment. Bring with you:
The City of Wichita Falls Neigborhood Resources Division will explain the program requirements, answer any questions you may have, and give you an application to fill out and return.
After you return your application and sales contract to the First-Time Homebuyers Program, they will schedule an inspection of the property to determine if the home meets the required federal and local property standards.
Now, if you are a little overwhlemed by all that is involved, please feel free to contact me and I will be happy to answer any questions. And, remember, NOW is the time to start building the future you have always dreamed of!
Displaying blog entries 1-9 of 9
