Scott Butcher's (texasmtgexpert) Blog

First-Time Homebuyer ResourcesDown Payment Assistance ProgramCity of Austin, TX The Down Payment Assistance Program (DPA) provides qualified, first-time homebuyers, with a zero interest loan to assist with purchasing a home located within the Austin City Limits. DPA funds cover the down payment a...

Are you currently renting an apartment or home in Texas?  Even if you have owned a home before, if you have been renting for 3 years or more then you qualify as a First Time Homebuyer in the eyes of a Lender.  If that's the case then you defiantely need to watch this great video about the cost of...

This a question I often get from borrowers as most people have heard about FHA Loans but don't truly understand what the difference is between a Conventional Loan versus an FHA Loan.  Well, here is your answer.  Let's start with a brief history:FHA Loans - A HistoryThe Federal Housing Administrat...

The 4th quarter 2010 Texas Housing Affordabliity Index (THAI) as reported by the Texas A&M Real Estate Center continues to show that Austin, TX is the least expensive city of the 5 major metropolitan areas (MSA's) in which First Time Homebuyers can buy a home in Texas compared to the Cities avera...