There are some advantages to today's tight housing market. A new home builder in Beaumont informed me today of a great new incentive program that allows home buyers to purchase a brand new home with no down payment and no closing costs. Their base model (selling in the low $200's) that has three bedrooms and two bathrooms (no upgrades) resulted in an estimated payment of only $1,749 including principal, interest, taxes, insurance and the HOA fee. This isn't a teaser rate either; this is a 30-year fixed rate payment using the builder incentives towards your mortgage. This might be a solid option for those who want to own a home but don't have the large down payment that many lenders are requiring in today's more cautious economy. If you are interested in hearing more about this program, email or call me ASAP. I will setup an appointment for you to meet a builder sales representative to discuss the terms and conditions of this exciting opportunity.