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Texas housing market gets rare March boost

The latest Texas Quarterly Housing Report shows statewide increases in both sales volume and price, fueled by a rare March boost. Texas sales volume for existing single-family homes was 42,682 for the first quarter of this year, up 4% from the first quarter of last year. The median home price in Texas jumped from $137,200 in first quarter 2009 to $141,500 in 2010, a 3.13% increase.

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Service First Mortgage offers a variety of loan programs to meet your needs even in this trying mortgage credit crunch. Government FHA: Service First Mortgage has continued to be one of the top FHA lenders in Texas for over 10 years. The Secretary of Housing and Urban Development has personally recognized Service First Mortgage as a top lender for First Time Home Buyers six times. All of our loan officers have received the highest approval authority from HUD, allowing you fast and worry free approvals. VA: Service First Mortgage has always made our Veterans a priority. We know our Veterans deserve the best, so we give them the best. We provide the best rates and best service available on these sometimes more complicated loans. Don't forget to tell your loan officer if you are a "TEX VET" or a disabled veteran. Also, don't forget to ask about the Veterans Land Board program. Bond Loans: There are some great government-sponsored loans with rates that are well below market rates or government-paid downpayment, closing costs, or both. These programs are not just designed for first time homebuyers. Ask your loan officer for details in your area! Teacher/Fire Fighter Program: Yes we can!! We can approve you for rates that are well below the market simply because you are a teacher or fire fighter. Conventional Jumbo: Yes, financing for large loans is still available, and its hard to beat the rates at Service First Mortgage. Conventional: Loans up to $417,000. To save our customers time and money, we sell directly to Fannie Mae. This means that the middle-man is eliminated. As a direct lender, we can provide our customer with a great rate!



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $9,370. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $21,030. Your actual APR may be different depending upon these factors.