Texas Bond Financing is still available! Buy now with no down-payment.
Posted by on Wednesday, April 21st, 2010 at 3:13pm.
• Interest Rate: 6.25%
• Loan Term: 30-year fixed interest rate
• Down Payment Assistance Available: Up to 7% of the mortgage amount
Terms of the Down Payment Assistance:
• 3% Grant
• 4% -10-year deferred forgivable 2nd lien
• No interest accrues on the loan, and
• No monthly payments are required
• Pre-purchase homebuyer education course required
**Eligible first time homebuyers who enter into a contract to purchase their home by April 30 and close by June 30, 2010 can also take advantage of a one-time federal tax credit of up to $8,000.
If purchasing a home in a federally designated targeted area, recently declared federal disaster area, or if a qualified veteran, the first time homebuyer requirement is waived.
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