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Texas Affordable Housing is giving 5% in Housing Assistance - Please Contact (Dallas)
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- Price:Please Contact
- Address:Dallas, TX 75287 (map)
- Date Posted:05/16/13
- Description:
-
Texas Affordable Housing is giving 5% in Housing Assistance to Teachers, Firefighters and Policemen and it does not need to be paid back. They have also lowered the interest rate to 3.75% for those who qualify
Texas Affordable Housing Teacher, Policeman and Fire Fighter Bond Program
Key Features
Texas Affordable Housing Teacher, Policeman and Fire Fighter Bond Program is designed to help qualified home buyers purchase a home by:
Providing a fixed-rate loan with down payment and closing cost assistance.
The grant does not have to be paid back
Loans under this program will be made on a first-come first-serve basis
to qualified first time home-buyers obtaining their loan through
a participating Lender. (Like Chris Cook from Town Square Mortgage)
Apply for a Home-loan On-line
♦ Two Main Benefits to the Homebuyer:
3.75% fixed mortgage rate.
5.00% down payment and closing cost assistance grant.
For example, on a $100,000 loan amount, you get $4000 in assistance
Anywhere in Texas
♦ How a Teacher, Policeman or Firefighter Qualifies:
1) Must be a Full time employee in one of the three mentioned Jobs that can be well documented
2) Homebuyer must be a first-Time Home-Buyer
Homebuyer cannot have owned a home in the last three years
as their primary residence. An Exception is Veteran (VA Loan)
3) The Household combined income cannot exceed:
$69,200 for 1-2 occupants
$79,580 for 3 or more occupants
4) The purchase price of the home must not exceed
the maximum limits of $247032
5) Homebuyer must occupy the home as their principal residence.
6) Homebuyer must apply through a participating Lender. (Chris Cook)
Apply for a Home-loan On-line
♦ 7) Cost for the program is 1.00% Origination Fee and 1.00% Discount Fee.
Plus normal and customary loan setup fees.
♦ 8) FHA, VA and USDA loans only.
♦ 9) Can be utilized with city and/or county DPA Programs
10) Homebuyer must attend an 8 hour First time home-buyers Workshop
For additional information concerning this Program, please email Colin Rosenthal at
[email removed] or call him at 214-704-4005. http://www.dfwmetrohousing.com
For more information on a Home-loan please go to http://dfwmetrohousing.com/Mortgage%20Loan.htm
For more information on What is involved in purchasing your first home please go to http://dfwmetrohousing.com/RE%20101.ppt
Ad ID: 22450348
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