 |
|
All programs require applicant to qualify for a home loan. |
|
Complete Realty
Mike White
HUD approved Realtor
817-424-3300
Margie White
817-239-4399
SecureDataNow |
|
|
|
|
|
| 2011 Programs, Bonds, Trust and Grants! |
 "Government sponsored programs to assist First Time Home Buyers. A family of 3 or more making $77,510 or less a year can receive up to $11,888 in DPA for down payment assistance and closing cost with one program, and a family of 3 making $48,550 a year or less can receive up to $14,999 in another program for down payment assistance.” |
|
|
 The TSAHC First Time home Buyer Bond offers the Professional Educators, Homes for Texas Heroes, and Home Sweet Texas Home Loan Programs which provide 30-year fixed rate mortgage loans to eligible first time home buyers wishing to achieve the American dream of homeownership by providing a 30-year fixed mortgage loan. The current interest rate is 4%. In addition to this rate, these programs are providing 3% of the loan amount as a grant for down payment and closing cost assistance. |
|
|
 The HFC First Time Home Buyer bond helps qualified first time home buyers by providing a low 4.790% fixed rate mortgage plus 3% of the total loan amount as down payment assistance which does not have to be paid back. Income and purchase limits apply. Buyer must purchase a home in Tarrant county excluding Grapevine, Keller, and Southlake. |
 Effective May 2010, the Texas Department of Housing and Community Affairs (TDHCA) announced the release of $500 million in funding for first time homebuyers with Bond 77. The program is designed to assist low to moderate income first time home buyers who are interested in purchasing their first home. Two types of mortgage loans are available. “Assisted loans” are 1st lien mortgage loans made available at an interest rate slightly above the current market interest rate and provide down payment and closing cost assistance. The amount of down payment and closing cost assistance is 4% of the mortgage amount and is available in the form of a 2nd lien, 30-year, 0% interest loan. Although no monthly payments are required, the amount of assistance is due and payable in full upon sale, refinance or repayment of the 1st lien mortgage. “Unassisted loans” are available at an interest rate slightly below the current market interest rate and do not include funds for down payment and closing cost assistance. When the assisted amount is repaid the interest rate will drop to the unassisted rate for the life of the remaining life of the 30-year loan. The current assisted rate is 4.6% and the unassisted rate is 4%.
|
Our exclusive Fort Worth Grant Money First Time Home Buyer New Home Purchase.
This program is for first time home buyers who can qualify for a new home in Tarrant County but need the financial assistance in order to qualify. Select builders are anxious to work with First Time Home Buyers and we pair the builders and the assistance programs to get you into a home for the least amount of money possible. $10,000 for Down Payment assistance and Closing Cost is our current special. It is important that you contact us before you search for or contract for a new home. We have real estate agents that assist you with the purchase to get the maximum savings and then add the $10,000. Those who are interested may contact Margie@home2fund.com or by calling during regular business hours at 817-424-3300.
|
 YOU DO NOT HAVE TO BE A FIRST TIME HOME BUYER TO TAKE ADVANTAGE OF HUD FORECLOSED HOMES. The U.S. Department of Housing and Urban Development (HUD) offers special incentives to purchase their foreclosed homes. HUD uses only HUD-approved realtors to show their properties and offer bids to purchase. The good news is that there are some beautiful homes at excellent prices to be had and people who are wanting to live in the homes have the advantage of being able to bid before investors. HUD will also provide up to 3% of the sales price of the home to help pay for closing costs. Call Margie at 817-424-3300 or email Margie@home2fund.com to schedule appointments to see these homes. |
| If you are a first time home buyer, you may be eligible to receive up to $10,000 in down payment and closing cost assistance. In addition, you may also qualify to receive up to $14,999 from the city of Fort Worth. These funds can be combined to give you a greater ability to qualify for a loan. There are income and purchase price limits |
Finding the right assistance program is difficult because they change frequently. Fort Worth Grant Money works to stay involved with all the programs on a daily basis. We are here to ensure First Time Home Buyers take advance of all the assistance available in the market. |
| USDA loans on properties that are in rural areas require no down payment and different first time home buyer programs can help with closing costs. |
|
|
