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Houston Down Payment Assistance
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Houston Affordable Housing
Houston is one of the most affordable cities to live in, but for many prospective homebuyers, the dream of homeownership has been just that,a dream. After actively practicing real estate for a couple of years now,and seeing this huge burden for many good people that I encounter each day in my practice of real estate, it fueled my passion to help those with the will and determination to help themselves become a homeowners. There are a number of really good down payment/closing cost assistance and mortgage bond programs offered to Houston,Texas residents to purchase a new or resale home in Houston and surrounding cities. So you really can own the home of your dreams if you have taken the right steps to prepare yourself for homeownership!
Easier Qualifying
As many may think that the programs are hard to qualify for,from personal and professional experience dealing with a number of these programs everyday, I can personally say that, many of them are not hard to qualify for, and it is not a long drawn out process to qualify and close on a new construction or resale home. The key to being successful is, of course, having the right realtor who has experience working with the programs, and the right lender experienced in originating these types of loans because there are many underwriting guidelines that must be followed and done correctly. If you have prepared yourself for homeownership, and are ready to purchase a home now, you could be in your new home in about 30 to 60 days give or take.. | |
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Houston Real Estate Financing
Works Hand-In Hand With FHA & VA Loan Products
Most of these programs are designed to work with (FHA) Federal Housing Administration and/or (VA) Veteran Administration due to income limits and purchase price limits. A number of these programs will work with conventional loans as well.In my professional opinion,FHA is the best loan products for first-time homebuyers,and any buyer with past credit problems, due to the low 3% downpayment, up to 6% seller contribution,and FHA is more forgiving of past credit problems. If you have had some problems in the past, and you have been back on track with current payments on all your debt obligations for at least 12 to 24 months, you probably can qualify for a FHA mortgage. Contact Me to know for sure if you qualify!
These programs also work with VA loans as well. If you are firstime buyer that qualifies for a VA loan product, a number of these programs can be utilized to cover your closing cost as well.
Conventional Loans
For borrowers with stronger credit scores, and a stable job history, but lack the funds for a downpayment, these programs will work perfectly for you. Some or all of these programs offer below market interest rates and downpayment and closing cost assistance of up to 6% and will allow a seller contribution of up to 6%. Which will allow you to get into a home with very little money down!
Purchase A New Home Up To $289,705 In Houston,
Pearland,Missouri City,Sugarland, and Katy!
For those buyers who would like to purchase in the above mentioned areas, there are number of options that you can explore to get into your new home. You are not just limited to a certain area, certain home, or certain builder. There are a number of builders that work with many of these affordable housing bonds, and downpayment assistance programs. Contact me today, to explore your options! | |
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Houston Down Payment Assistance &Mortgage Bonds
There are a number of city and state programs to assist low-to-moderate income buyers with the purchase of a new home. Many of those programs will are designed to give below market interest rates and downpayment & closing cost assistance to:
1.Full-time classroom teacher
2.Full-time paid teacher's aide
3.Full-time Librarian
4.Full-time Counselor certified under subchapter B,Chap 21, Education Code
5.Full-time School Nurse
1.Peace Officer
2.Law Enforcement
3.Public Security Officers
4.Firefighters
5.County Jailer
6.Corrections Officers
Purchase Price Limits
Purchase price limits vary by program. Most programs are designed to work with FHA and VA loan products. All 30 Year Fixed Rate Products!
FHA
1. $200,160.00
VA
2. $289,705
Conventional
3.$289,704
Income Limits Houston Brazoria Fort Bend
There are income limits up to:
Family Size 1-2 $73,200 $78,120 $73,200
Family Size 3+ $85,400 $91,140 $85,400
Affordable Housing Specialist
As a very active Houston Realtor, one of my specialities is affordable housing. As a homebuyer you can purchase any new home up to $289,705, dependent upon your income, affordability,family size, and area in which you would like to live. Many of the programs that I utilize for my clients can purchase a new home in many of the above mention areas. Email me , or visit one of the web boxes locate on the righthand side of this page to view available homes that you may be interested in. If you see a home you may be interested in, send me a showing request, or call my office to make an appointment for a Free Buyers Consultation! I look foward to hearing from you soon.
Disclaimer: Kimberlee Carmon is a licensed Houston Real Estate Agent,she does not guarantee financial approval or downpayment assistance of any loan applicant based on advertised information. Rates,loan programs,financial products, and down payment assistance are all subject to eligibility,availability, and program changes. Contact Me Today Find Out If You Qualify!
The City of Houston | Texas State Affordable Bond | Affordable Housing In Houston |
Harris County Affordable Housing |
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