Mortgage Resources

Austin Mortgage News

Information for Austin Borrowers

Featured Articles

Austin Mortgage Rates Hit Lowest Levels of 2010

Austin mortgage rates eased back once again this week to the lowest level of the year. New construction on one-family homes rose for the fourth consecutive month in April and represented the strongest pace since August 2008. Moreover, homebuilder confidence rose for the 2nd straight month in May to the highest level since August 2007.

More

1st-Time Homebuyer Bond Money - with 3% Down Payment Assistance

Program Features - Capital Area Housing Finance Corporation. Eligible homebuyers cannot have owned a home in the past 3 years, except for Qualified Veterans who are exempt from the first-time homebuyer requirement.

More

Increase in Upfront Premiums for FHA Mortgage Insurance

FHA loans with a case number assigned on or after April 5, 2010, will have a 2.25% upfront mortgage insurance premium. This is a .5% increase. Case numbers are generally assigned when there is a contract with a property address, and a closing date AND the borrower has committed to go forward with the loan.

More

HUD Takes Action To Speed Resale Of Foreclosures - FAQ

With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA borrowers access to a broader array of recently foreclosed properties.

More

Housing Affordability: Highest Level In 18 Years

Houses are the cheapest they've been since 1991. Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter of 2009 continued to hover near its highest level since the series began 18 years ago, according to the National Association of Home Builders (Aug. 19, 2009). You have the financial opportunity of a lifetime.

More