Frisco, TX -City Employees and Teachers-Down Payment Assistance for homebuying

By
Mortgage and Lending with First Choice Loan Services NMLS#210764 NMLS #246495

The City of Frisco has a very attractive down payment program to assistant the City of Frisco Employees and Frisco ISD Employees with the purchase of their first home. It's a FORGIVABLE loan for qualified buyers for $5,000.00 that can be used for:

  • Down Payment
  • Closing Cost and
  • Pre-Paids

The loan has a zero percent interest rate and is forgiveable if you own the property for at least five years. If you sell the home before the five year period you will have to pay back that portion. However, each year you live in the home $1000.00 is forgiven. During the five year period the home must remain as your homestead.

Qualifications for the Frisco Down Payment Assistance Program:

  • Income limit for 1 -2 person household $66,500.
  • For a household greater than 3 income level $76,475.
  • Home Purchase Price not to exceed $170,000.
  • At east one adult household member is a full time employee, for at least 6 months with City of Frisco or with the Frisco ISD.
  • First Time Home buyer, have not owned a home in three years (other exceptions apply)
  • Be able to have at least 1% of own funds into the deal.
  • Purchase a home within the city limits of Frisco.
  • Attend a home buyer education course and counseling session.
  • Primary Residence
  • All of above items are reviewed by the housing authority of Frisco for final approval

If you have more questions or needing to get started with the process, please call Stephanie Stringer at 469-556-0894.

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Stephanie Stringer

Residential Mortgage Loan Orginator NMLS#246495

Direct:  (469)556-0894    Office:  (210)547-3490

AmeriPro Funding, Inc.

18585 Sigma Road Suite 104  San Antonio, Texas 78258

Check out what people are saying about STEPHANIE STRINGER 

 

Company NMLS#131699

 

 

Comments (4)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Stephanie:  Sounds like a great program that's available for the teachers in the City of Frisco.  I'm going to Tweet this and Google+ it to try to help spread the word ... about the Program .. and your services.  Hope it helps  ...

Gene

Oct 10, 2012 01:53 AM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Stephanie-That sounds like a great benefit for the city and the segment covered. The city helps its tax base for the long haul and the citizens get help in obtaining home ownership.

Oct 10, 2012 01:58 AM
Stephanie Stringer
First Choice Loan Services NMLS#210764 - San Antonio, TX
Mortgage Loan Originator

Gene,  Thanks so much for tweeting this information.  The City of Frisco is an easy grant for all teachers and service officails in the city limits. 

Jan 08, 2013 05:35 AM
Stephanie Stringer
First Choice Loan Services NMLS#210764 - San Antonio, TX
Mortgage Loan Originator

Wayne,  Thanks for stoppping by... Yes, wonderful way to obtain home ownership in the beautiful city of Frisco.

Jan 08, 2013 05:36 AM