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Matt Spinn's Blog


USDA - Zero Down Payment Mortgage Loan
Updated Oct. 9, 2013
In 2009 the USDA enacted changes that made millions of borrowers eligible for their rural mortgage programs. Many home buyers dream of purchasing a home but don't necessarily have the cash on hand to make the hefty 20% down payment required by a conventional home loan. USDA loans stand alone as the only zero...
Texas Down Payment Assistance
Updated Oct. 9, 2013
TDHCA Texas First Time Homebuyer Program (Bond Program 77)Effective May 2010, the Texas Department of Housing and Community Affairs (TDHCA) announced the release of $500 million in funding for first time homebuyers. The program is designed to assist low to moderate income homebuyers who are interested in...
ZERO DOWN-USDA IS BACK
Updated Oct. 9, 2013
Hurray!! USDA is back. We are now underwriting USDA loans. the congress has passed the appropriations bill and the President has signed the bill. The program is basically a $0 down program with no monthly MI. Here are the details:. * Property must be in a UDA rural designated area. *Adjusted Family Income cannot exceed...

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