Ar_home_b_search
 



tdhca bond 74: New First Time Home Buyer Down Payment & Closing Cost Assistance Program - 09/23/09 07:56 PM
Bond 74
Overview of Tax Exempt Mortgage Revenue Bonds and advantages to borrowers include:
Below market interest rates Down payment assistance grants Second mortgages A 4% Second Lien Deferred Forgivable Loan May Be Used For Down Payment and Normal and Customary Closing Costs:
Based on principle amount of the 1st mortgage note No Interest Deferred 10 years and forgiven 1/10 every year Fully forgiven after 10th year Requirements for the home buyer:
Must complete a pre-purchase home buyer education course under the program The certificate must be included in the closing files So in a nutshell, this program will replace the short … (2 comments)

 
Dscn0606

Jon Sutton

Southlake, TX

More about me…

The Sutton Group, Southlake TX

Address: 2140 E Southlake Blvd Suite L#310, Southlake, TX, 76092

Office Phone: (817) 400-7900

Cell Phone: (817) 793-2367

Email Me



Links

Archives

RSS 2.0 Feed for this blog