Down Payment Assistance Programs in Texas
Posted by Michael Pannell (Fort Worth) on Tuesday, July 7th, 2009 at 9:32am.Down Payment Assistance Programs
The Texas Department of Housing and Community Affairs (TDHCA) is pleased to announce the release of 2 new down payment assistance programs - the Mortgage Advantage Program and the 90-Day Down Payment Assistance Program. Both programs are designed to monetize the Federal First Time Homebuyer Tax Credit enacted within the American Recovery and Reinvestment Act of 2009 by helping Texas families take advantage of the opportunity made available by recent Congressional action.
Under the Mortgage Advantage Program, TDHCA has made available on a first come, first serve basis to participating mortgage lenders approximately $1 million in down payment assistance for use in conjunction with the 2009 Texas Mortgage Credit Program and approximately $1.5 million in down payment assistance for use in conjunction with The Texas First Time Homebuyer Program (Bond 70). The first lien interest rate for Program 70 will remain at 5.75%.
Under the 90-Day Down Payment Assistance Program, TDHCA has made available $5 million in down payment assistance to be used in conjunction with first lien mortgage loans originated by the lender.
For current available program funds please visit the Available Funds page.
Call us for details 817-509-1400
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Share5 Responses to "Down Payment Assistance Programs in Texas"
Hi I am looking for any help getting into a home. Please let me know about all of the different programs that are out there.
Posted on Thursday, July 9th, 2009 at 7:46 AM.
Good information for potential first-time home buyers. The amount of money set aside for these programs probably will not last long for a state-wide program.
Posted on Friday, July 10th, 2009 at 1:38 PM.
Hello my name is sharetta in im in need of help geting into a house any help will be helpful.Please inform me of all the different programs that is out there.im a single parent in im looking for houses.thank you
Posted on Sunday, July 12th, 2009 at 7:28 PM.
I love to help people get into homes and work in and around the Austin, Texas Metro Area. Thanks for this information on programs available throughout Texas. Another great program for buyers with little cash for outlying areas is the USDA program.
Posted on Wednesday, July 15th, 2009 at 9:47 PM.
Im looking for some help getting into a home. Please contact me at 682-554-2763 with any information. Thanks
Posted on Tuesday, July 7th, 2009 at 10:59 AM.