Homebuyer assistance for select homes in Tarrant County, TX

By
Real Estate Agent with Alexander Chandler Realty

Homebuyer assistance for select homes in Tarrant County, TX

 

There are several assistance programs offered by Tarranty County for first time homebuyers.  One such program is the Tarrant County Neighborhood Stabilization Program.

The TCNSP is to be used for select properties in Forest Hill, Mansfield, Watauga, Saginaw, North Richland Hills, Hurst, Haltom City, and Crowley See existing inventory at www.tchp.net and click on house listings

The TC-NSP is administered by the Tarrant County Housing Partnership, TCHP, and funded by the the US Department of Housing and Urban Development, (HUD) under the Housing and Economic Recovery Act (HERA) of 2008.  The funds are to be used to help lessen the impact caused by foreclosures in certain areas. 

 

Tarrant County will provide NSP homeownership assistance for down payment, principal reduction and closing costs of up to $7,500 to assist buyers purchasing properties in existing inventory, www.tchp.net for listings. The subsidy assistance for this program is currently only available for TCHP owned NSP properties in Tarrant County.

 

There are income guidelines for this program and to view them please visit http://www.tchp.net/. Primary financing must be a traditional, fixed rate first mortgage loan. No subprime mortgages, ARM’s, balloons mortgages or interest only mortgages will be permitted. Mortgage Companies/Lenders must attend the Lender Orientation Workshop hosted by TCHP prior to submitting a client application/file requesting NSP assistance. 

Below is one example of an eligible property located in Saginaw, TX.  For more details on this property and the program please visit the link above.

 

 

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Rainmaker
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Sonny Kwan
Quantum Group Commercial - Residential - Lease Seattle, WA - Mercer Island, WA
206-819-8228

Samantha, TCHP sounds like a great opportunity for home buyers in your state of Texas, hope they can take advantage of this

Mar 27, 2010 04:52 PM #1
Rainmaker
84,998
Samantha Davault
Alexander Chandler Realty - Fort Worth, TX
Fort Worth, TX

Hi Sonny,

Yes it is a good program for first time buyers.  We are fortunate to have several of these types of programs available in the area.  You may have some similar programs in your area too as they are funded by HUD.  Check it out and see.  Thanks for your comment.

Mar 27, 2010 04:56 PM #2
Rainer
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Whitney Peddy
de Luxe Homes & Estates - Fort Worth, TX

Sam-Good to know! Thanks for the information.

Mar 27, 2010 07:19 PM #3
Rainmaker
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Samantha Davault
Alexander Chandler Realty - Fort Worth, TX
Fort Worth, TX
Whitney, This program may be helpful for some of your clients.
Mar 28, 2010 06:56 AM #4
Ambassador
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Samantha,

Wow the county puts together funds to create programs? That is cool. I find it better than all national as the guys in the County would know better how to spend the money with the best return

Mar 28, 2010 05:59 PM #5
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Rainmaker
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Samantha Davault

Fort Worth, TX
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