First Time Buyer Help

HOW DOES IT WORK

The buyer receives Down Payment Assistance at closing in the form of a Grant or a ForgivableSecond Lien that does not have to be paid back when using TSAHC or SETH where as with TDHCA the money has to be paid back when they sell, refi or pay off the home.

The qualification is simple, if you meet the minimum credit scorerequirement, your income is under the max income limit,your DTI is in line and you qualify for a FHA, Conventional, VA or USDA loan you should qualify.

We handle the entire process from getting the buyer approved with the program, underwrite the loan, close the loan, we even front the down payment assistance funds and are reimbursed after closing by the DPA so it takes the exact same amount of time for us to do a Conventional or FHA loan as it does one with Down Payment Assistance

SETH (Southeast Texas Housing Finance Corp)
SETH offers a Grant of up to 5% of the loan amount.

640 Minimum Credit Score
Max 484,350purchase price
Max income limit 90.620(*Dont have to use both borrowers income*)
DOES NOT have to be 1^sttime home buyer.
Conventional, FHA, VA and USDA loans allowed
Down Payment Assistance up to 5% of the loan amount
Rates as low as 3.125%

TDHCA (Texas Department of Housing and Community Affairs)
TDHCA Program 79 offers a second lien of 5%of the loan amount. (There are no payments and no interest on the 2^ndlien. It is paid off when the house is sold or refinanced)

620 minimum credit score
Max purchase price 294,600
Max income 90,620
Do Not have to be a First Time Homebuyer
Mortgage Credit Certificate can be combined
Down Payment Assistance up to 5% of the loan amount
Rates as low as 3.125%

TSAHC (Texas State Affordable Housing Corp)
Texas Heroes Program for Teachers, Police Officers, Firemen, Veterans and othersas well as the HomeSweet Home Programfor everyone else.TSAHC offers a non repayable Grant or Bondup to 5%of the loan amount.

620 Minimum Credit Score
Max purchase price 294,600
Max income 90,620(Dont have to use both borrowers income*)
DOES NOT have to be 1st time home buyer.
Down Payment Assistance up to 5% of the loan amount
Rates as low as 3.25%

MCC (Mortgage Credit Certificate)
Receive a 20-30% tax credit on the interest you pay each and every year you have the mortgage with a max of 2,000 per year. This give you the ability to lower the taxes taken out of your pay check or possibly receive cash back when you file your taxes.

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Our purpose is to educate the consumer on financing, steps to getting a mortgage loan and information on neighborhoods and communities.