90 Day Down Payment Assistance Program Through TDHCA Announced Today That They Are Out of Money.
If you had buyers planning to borrow their down payment and closing cost as part of the governments American Recovery and Reinvestment Act tax credit the TDHCA is out. You may check into the First Time Homebuyers Bond Programs #74 that is available through the TDHCA. The first lien is at 6.25% and they can borrow up to 4% of the purchase price to assist with down payment and closing cost.
This blog was written by Steve Brown of Gold Financial Services, universal City, TX. Gold Financial Services is a full service mortgage banking firm with a wide variety of conventional and government loan products, including Texas Veterans Land Board assistance program. www.mortgagesbysteve.com (210)862-2885 sbrown0007@aol.com
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