One First time Home Buyer Program will soon be Gone in Montgomery County

As noted in my previous post the HAP $10,000 Down payment assistance program ran out of money in late 2011. First the Good news the HTF- HAP $10,000 Texas Down payment assistance program is coming back within the next few weeks.  The not so good news is that TDHCA will only be allocating $1,000,000 and that is enough for less than 100 loans across the state of Texas.  

Once this funding is gone the program will be discontinued and it will NOT come back.  Of the down payment assistance programs in the state of Texas the HAP down payment assistance program is by far the best and has the lowest fees of any down payment assistance program in the state of Texas for First time home buyers. The most uptoday information on this program and other first time home buyer programs in Texas is located at our Texas First Time Home Buyer Program Resource page.

Purchasing your first Home in Texas is about to become more difficult and costly

As announced on January,26 2012 FHA is considering Lowering the Seller contributions.  The HAP $10,000 Texas down payment assistance program was the only program that a first time home buyer could use to get into a home with very little to no down payment.  However, while most down payment assistance programs in the state of Texas such as Homes for Heroes and TDHCA Bond 77 will assist you with the down payment they do not cover much if any of the closing costs.  For example on Bond 77 TDHCA provides you with the down payment but does not provide you with the closing costs.  The same is true with with the Homes for Heroes down payment assistance program.   The HAP $10,000 down payment assistance program solves all of these problems for Texans wishing to purchase their first home.

Waiting to apply for down payment assistance means you may get none at all

It cannot be underscored enough that if you are considering using the HAP $10,000 down payment assistance program in Texas that you get your application in to a Lender that is approved to offer the program immediately.  We offer these loans and access to this and many other Texas First time home buyer and down payment assistance programs.  If your lender does not carry ALL of the Texas Down payment assistance programs you may apply with us with our online application located here.

Where can I find out more about first time home buyer programs in Texas?

As more updates become available on Texas First time home Buyer Down Payment assistance programs we will post them at our first time home buyer and down payment assistance program page.

Henry J Daniels, Senior Mortgage Banker & Certified Mortgage Coach for Gold Star Financial he specializes in educating clients on the new realities of today's mortgage lending market and providing solutions to all of your home financing needs.  He was the first Certified Mortgage Coach in the State of Texas and  If you need FHA, VA, USDA, Conventional, Jumbo, Construction or FHA 203k mortgage in Montgomery County, Harris County, Fort Bend County, Brazoria County, The Woodlands Tx, Conroe, Lake Conroe, Livingston, Lake Livingston, Houston, Katy, Pearland,  Humble, Kingwood, Galveston, Tomball or anywhere in Texas he can help you understand all of the options available and provide you with true financing choices.  You may confidentially contact him through these links or at (936) 228-1944.

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Copyright © 2012 Henry J Daniels
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The views expressed are mine alone and do not necessarily reflect the views of the company.