April 24, 2009   Texas home prices edged up 1.59% in February, 2009 compared with a year earlier, according to First American CoreLogic.

In the Mansfield-Arlington area, prices advanced 1.18%.These results compare  very favorably with the national averages, which declined 12.2%.

Have you been unable to buy a home because you lack the money for a down payment and closing costs, or you have substandard credit? If so, I have a program that can qualify you for a home with NO MONEY DOWN with a mortgage that is offered at BELOW MARKET RATES. The current loan rate is a 4.875% FIXED RATE for a 30 year mortgage. This innovative program offers a series of steps and services to prepare you to become a homeowner in just a few short months.

Here are the general guidelines: 1) You must live in the home - no investors; 2) You do not have to be a first-time buyer, but you cannot own another home at the time of purchase; 3) Homes up to $200,000 are eligible; 4) There are no income limits; 5) There is no mortgage insurance required; 6) There are NO CLOSING COSTS; 7) You must occupy the home as long as the original mortgage is in place; 8) Homes that need repairs qualify for the program; 9) New construction homes are eligible; 10) Previous bankruptcy or foreclosure does not automtically disqualify you from participating. Minimum credit scores are not required.

CONTACT PHIL AT 817-807-8574 or Phil@HomesByPhil.com TODAY to make an appointment to learn more about this exciting home ownership program.

Many home buyers who purchase a home this year may qualify for an $8,000 Tax Cedit, which can be used to pay closing costs! This program is part of the federal stimulus plan intended to "jump start" the real estate industry. The details can be found below.  

Tempting Tax Credits for First-Time Home Buyers

What could you do with $8,000? How about using it to finance a home? In order to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers.

Just last year, home buyers and owners were able to take advantage of the Housing and Economic Recovery Act's $7,500 tax credit. This credit served as a 15 year interest free loan for those who purchased their home after April 9, 2008 and before July 1, 2009. With the new and improved $8,000 tax credit plan in place, buyers have the opportunity to receive a good chunk of cash which, unlike the last year's tax credit, does not have to be repaid.

If you're interested in taking advantage of this opportunity, you only have a short......Continued