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Market News and Trends, The Business of Real Estate

Homebuyer Assistance Programs


In the years before the “mortgage meltdown,” special loan programs and assistance were everywhere.  In many ways, that is the reason for the meltdown itself, and the reason that qualifying for a mortgage loan is now more difficult and more complicated than it was then.  (Properly contained, fire can keep you warm or heat your food.  Applied improperly it can also burn your house down.  Too easy access to too many programs effectively burned our collective house down, and we are now rebuilding.)

That said, there is assistance available now for home buyers in special circumstances.  Here are a couple that are specific to the Austin area:

FHA Down Payment Assistance

Home Rehabilitation Loans

If I have an opportunity to work with homebuyers who are considering these programs or others like them, I will offer my best professional advice — and I may well suggest to many that they should just go save some money and buy a home later.  In the right situation, though, and for the right applicants, these programs may be just what’s needed.

In all cases, like a TV beer ad, I suggest “borrow responsibly.”

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including 18 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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