property eligiblity: LMI Census Tracts - How to Search NTREIS for Matches - 12/28/18 10:49 AM
Special lending programs are available to buyers who seek affordable housing solutions. From Down Payment Assistance programs (grants) to No/Low Down Payment programs offered by both mortgage companies and banks, getting connected with the right lender can open new doors for Buyers who seek to achieve the American Dream of homeownership.
But the lending piece is only part of the puzzle. Loan approval is a 2 part process. The buyer must qualify AND the property must qualify. Property eligibility is often linked to geography, where designated areas (low-to-moderate income census tracts) are incentivized, dating back to the 1977 Community Reinvestment Act (CRA) initiative.
In rural … (4 comments)

Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™ (Providence Group Realty) Rainmaker large

Amanda Thomas

​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™

Plano, TX

More about me…

Providence Group Realty

Address: 3308 Preston Rd #350-124, Plano, Texas, 75093

Mobile: 469.298.9706

Fax: 469.645.6363

Email Me




RSS 2.0 Feed for this blog