This presentation on purchasing a Home is introduced to you by DFW Metro Housing .

Uploaded on:
Category: Product / Service
This presentation on buying a Home is presented to you by DFW Metro Housing. Presented by Colin Rosenthal TEL 214-704-4005 FAX 214-666-3227 Asha and her children. Asha Smith and her 2 children Tyler and Faith Needed a home.
Slide 1

This presentation on purchasing a Home is displayed to you by DFW Metro Housing Presented by Colin Rosenthal TEL 214-704-4005 FAX 214-666-3227

Slide 2

Asha and her youngsters

Slide 4

Asha Smith and her 2 kids Tyler and Faith Needed a home Once Asha had chosen in March of 2008 that she was going to get her own particular home there was no halting her. She drove forward and defeated each impediment and on January 8 th this year she moved into her Brand new home with the assistance of AHAP and TCHP

Slide 5

Only $890 a month for a Brand new home Asha\'s Home was evaluated at $120000 and TCHP and AHAP together gave her $20000 towards the buy of this new home. The $20000 was utilized to pay for the Down installment, Closing expenses and the adjust went to value in the home. Her home loan was for $92000 and her installment is $890 a month. All she needed to contribute was $1000 and be there to answer any inquiries that came amid the preparing of her credit and that originated from AHAP.

Slide 6

What did it take Team work Every time she was requested something regardless of how little, she was on the ball and got it to them right now. This is the main way you are going to get into your own particular home is with TEAM WORK

Slide 7

Chapter One Closing Costs those shocking words The greatest bad dream for any planned dealer or purchaser are the 2 words " Closing Costs" But in any land exchange these are words you will dependably listen… . Presently to start Let us for basic ascertaining reasons let us say that we have discovered you a beautiful home evaluated at $100000. You might want to present an agreement yet need to comprehend what you costs will be and what you can bear. There are from both sides (Buyer and Seller) costs which are called shutting cost connected with this agreement that are going to cost both the purchaser and merchant heaps of cash.

Slide 8

Sellers Closing Costs The Home is estimated at $100000 The dealer will need to pay the accompanying: Listing specialist and purchasers operator commissions ordinarily around 6% or $6000 Title strategy and property charges year to date, in addition to title and lawful expense typically these costs add up to around 3% or $3000 This imply the venders shutting expenses are about $9000 .

Slide 9

The Actual Buyers shutting costs The Actual purchasers shutting expenses are as per the following: Loan setup charges, prepaid Insurance and Taxes on the home. Prepaid FHA protection and additionally other concealed title things. These costs typically mean around 6% or for this situation $6000 on our $100000 home we are buying .

Slide 10

Buyers shutting cont. Up front installment of Between 3.5 and 5% of the cost of the home. For this situation 3.5% or $3500 . Hence you the purchaser should have an aggregate of $9500 ($6000 in addition to $3500) in the bank to have the capacity to buy THIS HOME FOR $100000 . $$$$$$$$$$$$$$$$$$$$$$$$$$

Slide 11

Buyer Closing Costs page 4 Now we have an aggregate of about $9500 we should purchase the home including the initial installment The best sort of home loan advance to get today in this present market is a FHA 201B FHA advance which relying upon you procuring limit and financial assessment requires at least 3.5% up front installment

Slide 12

The Problem Very few individuals have $9500 prepared and holding up to purchase a home and this is the place our insight and experience help you get your very own home : There are different diverse strategies for conquering this issue yet this is the place our cooperation starts.

Slide 13

The Texas First time Home purchaser How would we be able to take out or possibly help you with your Down installment and keep on helping you get into your home with just $1000 speculation? Through Government Grant Programs Example: TDHCD Grant program. Arlington Home Assistance Program.

Slide 14

The Arlington Home purchasers help Program AHAP Provides first time property holders up to a Maximum of $7500 per family for use in initial installment help or shutting costs Households who purchase in assigned territory or with handicapped individuals can get up to $10000 Or in the event that you buy another home worked by TCHP you can get a $20000 allow like Asha Smith did

Slide 15

Forgiven following 5 years You should stay in the home for 5 to 15 years or reimburse the help at 0% intrigue You should be pre-fit the bill for an advance through a confirmed Lender (Chris Cook) You should go to a 8 hour home proprietorship class and get an endorsement. Can\'t have possessed a home in the previous 3 years

Slide 16

Qualifications You can\'t have more than $15000 in fluid resources (Cash in Bank) Home must be in the Arlington city limits Income Limits: 1 Person family $36,200 2 Person family $41350 3-$46550 4-$51700 5-$55850 6-59950 Income cutoff points are fundamentally the same as in many towns

Slide 17

USDA Eligible North Texas Cities As of July 20, 2008 This rundown is not comprehensive of the qualified regions in North Texas. It just covers the significant towns adjusted by Area 3. For particular qualified ranges, check our qualification site: or contact the nearby Rural Development Office. You can discover all Texas USDA Rural Development workplaces at County Serviced By Cities Archer Decatur Cities incorporate Archer City, Windthorst, Holiday and Lakeside City Baylor Decatur No ineligible zones in the County. Urban communities incorporate Seymour Clay Decatur No ineligible zones in the area. Urban areas Henrietta, Byers, Petrolia and Bellevue. Collin McKinney Cities incorporate Princeton, Farmersville, Nevada, Lavon, Prosper, Celina, Anna, Melissa, Westminster, Blue Ridge, Wylie Cooke McKinney No ineligible ranges in the region. Urban communities incorporate Muenster, Callisburg, Valley View, Lindsay, Gainesville. Cottle Decatur No ineligible ranges in the area. Urban areas incorporate Narcisso and Paducah. Dallas McKinney Eligible urban areas incorporate Seagoville and Combine Denton McKinney Cities incorporate Aubrey, Corinth, Little Elm, Justin, Roanoke, Krum, Highland Village, Lake Dallas, Ponder, Sanger, Pilot Point Foard Decatur No ineligible ranges in the district. Urban communities incorporate Crowell and Thalia Fannin McKinney No ineligible zones in the region Grayson McKinney The whole region with the exception of the city furthest reaches of Sherman and Denison is qualified to incorporate Van Alystine, Gunter, Whitewright, Tioga, Whitesboro, Pottsboro Hardeman Decatur No ineligible regions in the region. Urban communities incorporate Chillicothe and Quanah. Hunt McKinney Cities incorporate Quinlan, West Tawakoni, Celeste, Commerce, Campbell, Lone Oak, Caddo Mills Jack Decatur No ineligible territories in the province. Urban areas incorporate Bryson, Jacksboro, Antelope, Postoak. Kaufman McKinney Combine, Cottonwood, Crandall, Forney, Kaufman, Oak Grove, Oak Ridge, Talty, Mabank, Kemp, Grays Prarie, Rosser, outside the city furthest reaches of Terrell Montague Decatur No ineligible ranges in the region. Urban areas incorporate Montague, Nocona, Bowie, St Jo, Forestburg. Palo Pinto McKinney No ineligible ranges in the region. Urban areas incorporate Mineral Wells, Graford, Strawn, Santo, New Salem, Palo Pinto, Gordon, Mingus Parker McKinney Cities incorporates, Aledo, Springtown, Willow Park, Sanctuary Rockwall McKinney The whole province east of Lake Ray Hubbard is qualified, Rockwall, Royse City, Fate, Heath Tarrant McKinney Cities incorporate Avondale, Azle, Blue Mound, Briar, Center Point, Crowley, Haslet, Lakeview, Oak Grove, Pelican Bay, Saginaw, Wheatland Wichita Decatur Cities of Wichita Falls and Burkburnett are not qualified. Urban communities incorporate Electra, Iowa Park, Lakeside City, Kamay Wilbarger Decatur No ineligible territories in the district. Urban communities incorporate Vernon. Wise Decatur Cities incorporate Bridgeport, Decatur, Alvord, Aurora, Chico, Rhome, Boyd Young Decatur Cities incorporate Graham, Olney, Newcastle, Jean, Loving

Slide 18

What is required of you? Contingent upon your Income Not have possessed a home in 3 years Must be pre-qualified through Chris as a loaning accomplice in the program Once you have filled in your application we will take a shot at getting you qualified and do all the printed material for you with your assistance obviously.

Slide 19

Each and Everyone Everybody is diverse so we will need to work with each of you relying upon where you need to live and what your individual conditions are

Slide 20

HUD Homes AHAP makes it exceptionally hard to work with HUD homes unless they are in immaculate condition

Slide 21

Chapter 3 Looking for your fantasy home We are prepared to search for your home All you need to do is give me your E-mail address and I will set you up regardless of the possibility that you don\'t qualify yet. Thusly you will have a thought of what the market resemble. I will set up your pursuit criteria from the accompanying data:

Slide 22

Want to get postings ? Name… … . Email address… … Phone Number… … . What would you be able to bear to pay month to month including duties and protection $1000 a month will give you $100000 on a 30 year advance Where might you want to live? City… … Zip… …

Slide 23

You can likewise go specifically to my site You can likewise see essential postings straightforwardly from my Web-webpage and also fill in a home loan application Please go to: Look for view MLS postings on the base of the landing page

Slide 24

Receive postings page 2 How more seasoned home would you like?........... How Big … ..Square feet Now enlighten me something concerning the house you might want? What number of bedrooms?....................... What number of bathrooms?..................... What number of garages?......................... If it\'s not too much trouble be reasonable in your hunt and recollect to keep your regularly scheduled installment to what you can bear

Slide 25

How perused a posting Double tap the photo to see every one of the photos (The posting underneath has 4 pictures) Double tap the deliver to see the guide of where the house is. Now we will take a gander at a posting and experience it point by point

Slide 26


View more...