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George Chiriboga | Chiriboga Realty LLC Blog

Thursday, March 9, 2017   /   by George Chiriboga

100% Financing for Medical Doctors, Dentists and Veterinarians

Most doctors are looking for loans with low interest rates that enable them to put very little or a zero down payment, not use their student loan debt if they have any in their debt ratio, use future income rather than current or past income, and yet enable them to move in before they start their job.
What is so special about the PhysicianLoans program?
It is a great loan for doctors regardless of whether they are just out of medical school, in residency, or physicians who have been in practice for many years.
Special Home Loans for Medical Doctors, Dentists and Veterinarians
100% Financing - No Money Down
No PMI - Lower Monthly Payments
No Pre-payment Penalty
Move in up to 90 days prior to starting your next position

If you have more questions, please do not hesitate to Email us or contact us at 713-589-3234 for more information.

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Wednesday, November 9, 2016   /   by George Chiriboga

Can I buy a home from the listing agent?

Yes, in the state of Texas, you can buy a home from the listing agent but you need to be informed about some important differences about employing the listing agent to buy your home. In the state of Texas, the listing agent represents the seller and has the legal obligation to put the interests of the seller first above the buyer's and his/her own.

This type of representation creates an Intermediary Agency Agreement. Under this type of agreement:

1) The listing agent needs to be upfront with you and let you know that he can't give you any opinions nor advice. Basically, you are on your own. 

2) The listing agent needs to inform the seller and get his/her consent in writing to do this, as conflicts of interests can occur.

3) The above written consent must state source of  compensation.

4) The listing agent can not disclose to you that the seller will accept a price less than the asking price, unless authorized in writing to do so by the seller.

5) The listing. ...

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Wednesday, November 9, 2016   /   by George Chiriboga

Get the best foreclosure deals

In today's market, many buyers are still eager to find a foreclosure bargain. Or that is what they think until they start searching. Soon, they learn that only savvy buyers will get the best deals.
Understanding how banks negotiate foreclosure deals is a must and it is useless to send low ball offers on bank owned homes that have been on the market for a few days. When the bank has not had the opportunity to expose the property in the marketplace long enough, they will be reluctant to take a low ball offer. Most banks are aggressive with their pricing but they won't give the property away.
Banks do not sell the property themselves. They are handled by their Asset Management Companies. These companies list the home for what they think the home is worth, and they receive guidelines about when to start reducing the price. It typically happens between 21 to 30 days.
If you want to send a low offer, just sit an wait and check back on the property in a few months to see if it is still for. ...

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Tuesday, February 2, 2016   /   by George Chiriboga

Downpayment Assistance for Teachers, Police Officers, Firefighters, etc

This program provides 30-year fixed rate mortgage loans to eligible homebuyers wishing to achieve the American dream of homeownership. In addition to a low interest rate, these programs offer down payment and closing cost assistance in the form of a grant. These programs are available through a network of participating lenders across the state.
The current maximum interest rate on a 30-year fixed FHA, VA or USDA (RHS) mortgage loan is 5.0 %.  This rate will provide a 5% grant for downpayment and closing costs assistance. 
Under the Homes for Texas Heroes Program, the Texas Legislature defines a “Texas Hero” as one of the following:
Classroom Teacher
Teacher Aide
School Librarian
School Nurse
School Counselor
Nursing and Allied Health Faculty member
Veteran
Firefighter
EMS Personnel
Peace Officer
Corrections Officer (TDCJ or TJJD)
County Jailer
Public Security Officer 
Additionally, a homebuyer must:
You do not need to be a f. ...

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Tuesday, July 14, 2015   /   by George Chiriboga

I Own A Home: Can I Get Downpayment Assistance?

Yes, you can get a 5% downpayment assistance to buy a new home even if you currently own a home provided you are a full time public school teacher, aide, counselor, librarian or nurse; peace officer, firefighter, EMS personnnel, county jailer, or public security officer; collegiate faculty member of a professional nursing or allied health program. The maximum household income is $76,130 for a family of three. This amount will be enough to cover your FHA loan's minimum required downpayment and some closing costs.

These programs are accessible only through approved participant lenders.
If you have more questions, please do not hesitate to Email us or contact us at 713-589-3234 for more information.

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