The Vidorra Condos Construction Update
March 18, 2008
The Vidorra keeps getting taller. The downtown condo got its 17th floor on Saturday.
The 18th floor is supposed to be poured today, but rainy weather could delay that.
Developers are planning an April 17 topping out party, a customary construction celebration that happens when a building reaches its full height. In the Vidorra’s case, that’s 20 stories.
Exterior framing has reached the 12th floor and interior framing is on the 9th floor.
Another big change on the way: a stucco application on floors 6 through 20, which is supposed to start in April.
Construction Begins On 870-Acre Kings Gate Project in Medina County
March 13, 2008
JMJ Development announced today construction has started on a $25 million, 870-acre master-planned gated community in Medina County 30 miles west of San Antonio in the Texas Hill Country. The upscale single-family development is comprised of 382 two-acre custom home sites, all offering extraordinary views of the Hill Country.
“This type of development was missing in the San Antonio area,” said Tim Barton, President and CEO of JMJ Development. “Kings Gate will offer homeowners peaceful tranquility while maintaining easy access to city convenience. It’s the perfect combination for those who work in San Antonio but want to live in a rural setting.”
Texas Temporary Single Family GSE and FHA Loan Limits
March 11, 2008
The following chart outlines newly announced HUD median home prices, FHA loan limits as well as Fannie/Freddie GSE loan limits for one-unit, single family properties as determined by the U.S. Department of Housing and Urban Development. For comparison purposes, the table also lists the 2007 FHA and GSE loan limits for each area.
Note: Every effort has been made to accurately reproduce HUD’s published data. However, in the case of any discrepancies between limits indicated here and those published on the HUD website, HUD’s published figures would take precedence.
Wells Fargo Home Mortgage and Kimball Hill Homes Form Joint Venture
March 10, 2008
Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A., and one of the nation’s leading providers of residential mortgages, and Kimball Hill Homes have agreed to the terms of a joint venture to originate, process and fund mortgage loans for Kimball Hill Homes customers.
The joint venture, KH Mortgage, LLC, is co-owned by Wells Fargo Home Mortgage and Kimball Hill Homes. Terms of the agreement were not disclosed.
The joint venture will offer customers of Kimball Hill Homes a wide range of home financing products and services through Wells Fargo Home Mortgage, one of the nation’s leading providers of residential financing.
Your Guide To The Home Buying Process
March 8, 2008
The Home Buying Process can become time-consuming and complicated. Don’t make bad decisions that may cost you thousands. By working with Trend Setter Realty we have your best interests in mind while making the home buying process an enjoyable experience. Contact us today to begin the process.
10 Home Buyers Tips
March 7, 2008
TIP #1 Buying A home Is One Of The Best Investments You Can Make! Home equity remains the largest single savings vehicle for most Americans. In addition to the tax incentives of home ownership, and the ability to tap into your home equity if the need arises, buying a home is a wise and prudent investment for most people.
New San Antonio Community In The Stone Oak Area From Sitterle Homes
March 6, 2008
San Antonio builder Sitterle Homes has begun selling homes in one of its latest communities: Stately Oaks.
The gated community is located within The Heights at Stone Oak — a 500-acre, master-planned community located at the corner of Hardy Oak and Wilderness Oak, in far North San Antonio.
Homes in Sitterle’s Stately Oaks will be priced from the $250,000s. The community will consist of a variety of one- and two-story homes ranging in size from 2,011 to more than 3,600 square feet.
The Heights at Stone Oak is one of several neighborhoods nestled within Stone Oak, a prestigious master-planned neighborhood that encompasses a total of 10,000 acres on the city’s far North Side.
Texas Is One Of The Most Undervalued States
March 5, 2008
House Price Valuations
National City Corp’s approach to determining statistically normal house values considers not only house prices and interest rates, but household incomes, population densities and any historical premiums or discounts metropolitan areas have exhibited over time. They examined these factors for 330 metro areas now accounting for 78 percent of all existing housing units in America and 93 percent of all related real
estate value, to determine what house prices should be, in this statistical sense.
Nehemiah Comments On Successful Summary Judgment Decision In Lawsuit Against HUD
March 4, 2008
The following statement is in response to the decision by the United States District Court for the Eastern District of California to rule against the U.S. Department of Housing and Urban Development (HUD) rule to ban private downpayment assistance as proposed in the “Standards for Mortgagor’s Investment in Mortgaged Property” regulation published October 1, 2007.
What San Antonio Mortgage Lenders Look For
March 3, 2008
Written by Erica Barton over at AmericanConsumerNews.com
Obviously, potential mortgage lenders look at your income for the last two years and your credit score when determining if you are “mortgage-worthy.” However, income can now be “stated,” and bad credit does not mean you will be unworthy in getting a loan. Bad Credit is just as attractive to many lenders as good credit since it means a lender can charge you a higher interest rate and get you to pay more points and fees to get a better rate. In fact, since there are so many “secret” factors that go into lending you money, by simply making a few tweaks before applying, you can get approved for the best of the best loans. Here are some other factors Potential Mortgage Lenders look at when deciding if they should lend to you or not.
