Cheryl Butler/ Realtor

I'm getting a lot of calls about home shifting, this should help explain what's going on. If your planning to have repairs done you may want to consider waiting until homes settle or you may be doing additional repairs. All pool owners might consider having an inspection for leaks.

‘7 out of 10’ homes have drought foundation problems Soil is contracting, drying up and pulling away from homes, leaving the foundation with room to move.

Down payment requirements for a $300K house
The down payment amount you’ll need depends on the type of mortgage loan you choose. Let’s dig into how much you would need to put down for a $300,000 home with each of the five major loan programs:

Conventional loan: $9,000 (3% down). This loan conforms to Fannie Mae and Freddie Mac’s guidelines and typically asks for a minimum credit score of 620
FHA loan: $10,500 (3.5% down). Backed by the Federal Housing Administration, this loan allows for credit scores as low as 580 if you have a 3.5% down payment
VA loan: $0 (0% down). This great option is only available to military service members, veterans, and qualifying surviving spouses
USDA loan: $0 (0% down). If you’re buying in a designated rural area and have a moderate income for the area, this loan is for you
No-PMI conventional loan: $60,000 (20% down). If you want to avoid private mortgage insurance (PMI) you need 20% down. But you may find lenders that allow you to borrow a second mortgage to bridge the gap between your savings and that 20%
Of course, all these are minimums. As a rule of thumb, the more cash you put down, the lower your interest rate is likely to be. But don’t fret if you’re a little short on the 3% or 3.5% mark; you might still have some options.

Various down payment assistance programs (DPAs) are accessible across the country, offering grants or loans to help meet a portion or all your down payment needs. In some cases, these programs chip in to closing costs.

These valuable DPA programs can put homeownership within reach for first-time buyers who can easily afford mortgage payments but need some help gathering upfront cash.

There's nothing like a pop/shade of cool clean colors. 😍
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828 Fall Wheat Dr, DeSoto, TX 75115 - 3 beds/2 baths (NTREIS) For Sale: 3 beds, 2 baths ∙ 1751 sq. ft. ∙ 828 Fall Wheat Dr, DeSoto, TX 75115 ∙ $320,000 ∙ MLS # 20334768 ∙ Spacious home positioned nicely above street level giving it great curb appeal. This home...

Arlington Listing! Motivated Seller!!!

222 Mahogany Drive Arlington, TX 76018 James Butler - Berkshire Hathaway HomeServices PenFed Realty Texas3 beds 2 bathsPublished on: June 2, 2023