Great news, Garland! If you're looking to buy a home in this vibrant community, you could be eligible for valuable down payment assistance and tax incentives from the Garland Housing Finance Corporation (GHFC). This is an incredible opportunity that can help make your dream of homeownership a reality!
The GHFC program offers $15,000 in down payment assistance, structured as a deferred loan with 0% interest. This means you won't have to worry about monthly payments until the maturity of your first mortgage. Of that amount, $10,000 will need to be repaid upon maturity, sale, or refinance of the first mortgage. However, there's good news: $5,000 is provided as a nonrepayable grant!
To take advantage of this fantastic offer, ensure that your property is located within the city limits of Garland. Additionally, keep in mind that there are purchase price and income limits to qualify for this program. It’s also important to note that this assistance must be used alongside the GHFC Mortgage Credit Certificate (MCC) program.
Don’t let this opportunity pass you by! Let us know how we can assist you in navigating these options and securing your new home in Garland today!
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