New Loan Program in San Antonio

Real Estate Agent with Keller Williams Heritage

The Texas State Affordable Housing Corporation has opened up the Professional Educators 2007B program for loan reservations.  The interest rate will be 6.60%, 1 + 1 on a 30 year fixed rate loan.  Eligible borrowers will receive a grant of 5% of the loan amount that can be used to pay closing costs, prepaids and, in some cases, down payment.

Maximum purchase price remains at $237,301.  Maximum annual income is $53,700 for a family of 1-2 and $61,755 for 3 or more.  First time homebuyers only, unless purchasing in a targeted census tract.

Jean-Marie Warren

WR Starkey loan officer


Comments (2)

Colleen Irwin
Retired - Irondequoit, NY
Creative Real Estate Solutions...

Richard -- Welcome to ActiveRain!  Congratulations on joining a great Network.  Check out this resource guide for additional help along the way.  Feel free to call me!

Cheers!  Colleen

Aug 23, 2007 03:49 AM
Peter M . Christopher
Fairfield County Home Inspection LLC - Fairfield, CT
Residential & Commercial Inspections in
Welcome to A/R.
Aug 23, 2007 01:06 PM