One of my absolute favorite spots to get a bite to eat and enjoy some great beverages in Uptown Dallas is Mutts Canine Cantina. It is located at 2889 Cityplace West Blvd in 75204, just steps from the Cityplace Uptown DART light rail station.
More of my comments here: http://john.jphomesforsale.com/blog/Check+Out+Mutts+Canine+Cantina+In+Uptown+Dallas+TX+75204
Have a great day! http://www.JBtheRealtor.com
Well, I Closed several transactions within the past 30 days, and you might be surprised to learn that the downpayments of these purchases ranged from just 3.5% down (FHA loan) up to 20%+ (conventional loan). Although some lending requirements have changed over the past few years, there are still lots of options for you if you don’t want to make a large downpayment. Here are a few:
1.) FHA : most of my clients over the past year have purchased their homes using an FHA-insured loan. These loans feature a 3.5% downpayment. So, that’s just $3,500 on a $100K purchase, for example.
2.) VA and USDA : Both offer zero downpayment programs. Of course, you and/or the property you’re purchasing must qualify for the terms of these programs, but they’re a great fit for some borrowers.
3.) Conventional : these mortgage loan programs still offer loans with as low as 5% downpayment, and they’re common in today’s market.
The above are the most commonly-used programs, but there are others. The key? Engage a solid mortgage loan officer to help you evaluate your options and walk you through the process. I work with some amazing pros that get the job done for my clients every day. Give me a shout and I’ll connect you with them.
If home ownership this year is your goal, contact me. We will create a solid plan to move you from Point A to Point B – it’s what I love doing!
Have an awesome day, everyone!
I have a couple of clients who are currently shopping for townhomes in the Metroplex, so I thought I’d do a quick blog post about the advantages and disadvantages of this type of property.
First, the down-side:
Townhomes can sometimes be first to dip when the real estate market makes a downturn. You have common walls with neighbors, and sometimes parking space can be a challenge (especially for guests, but most units have a 1 or 2 car garage included), and what about those HOA dues which are in addition to your mortgage payment? You just need to be sure that the amount you’re paying monthly is providing you with sufficient value in return.
The BIG advantage to owning a townhome? It’s typically a very low-maintenance, “lock and leave” lifestyle. Exterior maintenance, landscaping, and etc. are typically handled by the HOA / property management. You have the benefit of home ownership without the usual maintenance issues. Many townhome developments offer amenities such as pools and clubhouses, but they don’t have that “apartment feel”.
One of my favorite townhome communities is Home Town in North Richland Hills, TX. It’s very picturesque there (see photo with this post), and the central location is great for people who need to commute to Fort Worth or even to points East for work. Prices there average about $100 per square foot, so a 1,400 sq ft unit costs about $145K as of this writing.
Thinking of taking the plunge into home ownership, but don’t want the maintenance responsibilities? A townhome might be JUST the ticket for you! Let me know if you have questions – I’m happy to help!