First Time Homebuyer's in Irving, TX

First Time Homebuyer's in Irving, TX

First Time Homebuyer's in Irving, TX needs to be taken advantage of by those who are looking to buy a home for the first time. Irving Community Development Corporation has partnered with many families looking to buy their first home. They started helping families in Irving, TX since 1995. Irving CDC has offered down payment and closing cost assistance. They have also completed cost-efficient renovations of existing homes, and they have built homes for low to moderate income first time homebuyer's in Irving, TX. Irving CDC is currently building new homes on Tudor Ln between Cradall and Claude St. Irving CDC is partnering up with the City of Irving for this $5 million project.

First Time Homebuyer's Program 

Irving CDC is a non-profit organization that is designed for charitable and educational purposes. The first time Homebuyer's program can take up to 4 months to complete. If you qualify, Irving CDC assists with the purchase by providing down payment and closing cost assistance. Irving CDC provide financial assistance with a grant to help with costs of the home. The grant is dependent on one's income and eligibility. One will have less to finance with this grant, and because there is less to finance means there are smaller monthly payments. 

How to Qualify

• Be a first time home buyer (not owned property in 3 years)
• Have income that falls within HUD income guidelines
• Be a U.S. Citizen or Permanent Resident
• Be credit worthy enough to obtain a mortgage
• Must not possess more than asset cap ($10,000)
• Be able to make a personal down payment of $1700 (50% with sales contact and 50% at closing)