Programs for First Time Homebuyers in Central Texas

We work with many Mortgage Brokers & Lenders who can offer a multitude of loan programs & help make buying your first home (or second or third or later!)in the Austin or Highland Lakes areas EASY!  Get PRE-QUALIFIED for a Loan.  This is a very important step and let's you know just how much house you can afford. Sellers like to see that a Buyer making an offer already has a Pre-Qualification letter - it makes you, as the Buyer, more credible & generally makes the process of submitting a contract for a home much more successful.               (click on photo to order)

Visit or Subscribe to our Texas First Time Home Buyer BLOG! (click here)

Let's Get Started ...

 Buyers: Buying Your Perfect Home

 Buyers: Learn About Financing Your New Home

 Buyers: Mortgage Calculators

 Buyers: Loan Programs for First Time Home Buyers 

 Buyers: Get Pre-Qualified

 Buyers: Using Your IRA as a Downpayment

 Buyers: Search Austin Area Properties

 Buyers: Search Highland Lakes Area Properties

 Buyers: Receive Listings by Email (FREE Email Alerts)

 Buyers: Order FREE Brochure ~ Renting vs Owning A Home

 Buyers: Order FREE Boooklet ~ First Time Homebuyer Guide

 Buyers: Ask A Question

USDA Loans are back...can be up to 100% in certain areas only (Burnet County, Llano County, Williamson, Blanco and Hays counties)-The $8000 Tax Credit is Available & FHA still continues to be a good choice. If you can make a 3.5% down payment, we can generally get the seller to pay most of the closing costs, so little out of pocket expense. The down payment can be a gift from friends & family too.  And, Interest Rates are low..... Call us TODAY! Click here for more information about the $8,000 Tax Credit

Your IRA as a Down Payment

FREE BROCHURE on Renting vs Owning a Home - complete the form below and indicate FREE BROCHURE on it - we'll mail  you complimentary information on how to evaluate owning a home versus renting - it explains how you will get tax deductions which will reduce the actual "cost" of owning your own home.  It may even make it cheaper than renting!     Or, call us, and give us your mailing information and we'll get it out right away.    Get started on the path to owning your own home TODAY!

It's time to Stop Renting & Start building for your future.  You may be surprised at how easy buying your own home can be.  Invest in your future & enjoy the benefits of home ownership.   Now is a great time to buy while interest rates are still low and excellent inventory in First Time Home Buyer Price ranges are available. 

Most 1st Time Homebuyer programs are available for buyers who have never purchased a home before or who haven't owned a home in the past 3 years.    Contact us today so you can be pre-qualified for a mortgage.  

A Paragon Property Group Professional will represent you as a Buyer's Agent.  This means that we work for you & not the seller.  In Texas, all agents work for the Seller unless they have a signed Buyer's Representation Agreement between the Agent & the Buyer.    This agreement means that the agent working for you is your Agent and is responsible for looking out for your best interests solely.  Plus, we are all certified Texas Affordable Housing Specialists (TAHS) to best assist you.

You can print out an Information About Brokerage Services form so you can review how representation works in Texas. This form will need to be signed, dated and returned to your Realtor® for their files in accordance with rules set by the Texas Real Estate Commission (TREC).

Visit http://www.texasfirsthomebuyer.com/ for even more information. 

Credit Score Facts & Fallacies - click here to read article

Austin Downpayment Assistance Program

If you want to live in the Austin City Limits, there is a Downpayment Assistance Program available.   Before applying for this program, you must first attend a 3 class session of 'Housing Smarts Homebuyer Counseling Program'.   If you are interested, contact the professionals at Paragon Property Group to help you through the process of buying your new home. 

Teacher/Educator Home Buyer Programs

visit the Teacher Home Buyer section of our website

The Texas First Time Homebuyer Program 

Down Payment Assistance Programs -- FUNDS ARE NOW AVAILABLE!!  HURRY!
The Texas Department of Housing and Community Affairs (TDHCA) recently released a new First Time Homebuyer Program (Bond Program 74) that offers a 10-year deferred forgivable 2nd lien for down payment and closing cost assistance. The amount of assistance is up to 4% of the 1st lien mortgage amount. The 30-year first lien fixed interest rate is a competitive 6.25%.

Through the Texas Department of Housing & Community Affairs (TDHCA), below market interest rate mortgage loans are available through participating lenders to eligible families and individuals who are purchasing their first home or who have not owned a home in the past 3 years. Two types of loans are available under this program. An “Unassisted Rate” loan typically offers our lowest interest rate available and does not provide funds for down payment and closing cost assistance. For borrowers needing assistance with their down payment, an “Assisted Rate” loan is offered to income-eligible borrowers that provides grant funds up to 5% of the mortgage amount. These loans are offered at a slightly higher interest rate.  These programs may be on hold and out of funds - check the website for more information. 

In the Austin and Highland Lakes areas, loans up to $237,031 are available.