IF YOU DO BUSINESS IN FORT BEND COUNTY TEXAS YOU WILL WANT TO KNOW ABOUT THIS:
Fort Bend County Housing Finance Corporation's Down Payment and Closing Cost Grant Program (the "DPA Program") is designed to assist households participating in their Mortgage Credit Certificate Program (the "MCC Program") with down payment and closing costs. There will be approximately $100,000 available on a first-come first-served basis. They will provide $2,000 per household for down payment and closing cost assistance. It must be used in conjunction with the MCC Program.
Program Highlights
A grant of $2,000 per household is available to eligible homebuyers.
Eligible grant uses include down payment and closing cost assistance associated with the
purchase of the home.
Must be used in with the MCC Program offered through the Fort Bend County Housing Finance Corporation.
Eligible Households
Must be utilizing the Fort Bend County Housing Finance Corporation's Mortgage Credit Certificate Program through a participating lender. Therefore, must meet the MCC Program guidelines listed below:
Purchase a home in Fort Bend County, Texas.
Gross income of all individuals executing the Deed of Trust cannot exceed the maximum income limits, for 1-2 persons is $76,560 and for 3 or more persons is $89,320.
The purchase price of the home cannot exceed the maximum sales price, whether the home you buy is new or existing, is $316,177.
Must occupy the property as their primary residence.
Meet standard mortgage underwriting requirements with FHA, VA, Fannie Mae, Freddie Mac or USDA-RHS, as applicable, demonstrating credit worthiness.
In addition to the normal MCC Program fees, pay a DPA Program Processing (the "Fee") of $150.00. May be paid by borrower, seller or lender, as allowable by FHA, VA, Fannie Mae, Freddie Mac and UDSA-RHS
AS ALWAYS I WOULD LOVE TO HELP YOUR TEXAS MORTGAGE CLIENTS, NO MATTER WHAT COUNTY THEY ARE IN
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