There is a distinct possibility that Austin real estate will get a boost from the state of Texas. The home buyer tax credit h
as expired, a program designed to spur real estate sales nationwide, and the state of Texas has stepped in to help keep real estate sales on the upswing.
The Texas Department of Housing and Community Affairs has created a new program, titled Bond 77, that is making $500 million available for mortgage help. For those looking to buy Austin real estate the money can be used two ways, as down payment assistance or for acquiring a lower interest rate.
Historically low interest rates, low home values, and now the financial help available from the state of Texas, combine to make it an ideal time to look at homes for sale in Austin.
Click here to learn more about Bond 77.
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One Comment
I feel like it’s time for a real estate joke, The house was more covered with mortgages than with paint.