Our friend Diane Rifai now offers down payment assistance programs through TSAHC
for Professional Educators and Homes for Heroes such as firemen, policemen,
etc. (see definition below).
Here's a brief summary:
1. There is a Household Income Limit -see attached chart
2. There are Home Purchase Price Limits
3. Must be a first time homebuyer (not had an ownership interest in a principal residence in last 3 years)
4. Meet standard underwriting guidelines for a loan
5. Intend to occupy the home as a primary residence
6. Complete a HUD approved homebuyer education course prior to closing
Homebuyer must be one of the following:
§ A Professional Educator: Defined as a full time Classroom Teacher, Teacher Aide, School Librarian, School Nurse or School Counselor employed by a public school district in the state of Texas; or a full time faculty member * of either an undergraduate or graduate professional nursing or allied health program in the State of Texas; or
§ A Texas Hero: Defined as a full time, paid Firefighter, Emergency Medical Services Personnel, Peace Officer, Corrections Officer, Juvenile Corrections Officer, County Jailer, or a Public Security Officer working in the State of Texas (click here for detailed Texas Hero definitions : http://www.tsahc.org/pdfs/2010_Homes_For_Heroes_%20Eligibility.pdf ).
Call Diane Rifai for more details --
Residential Mortgage Loan Originator
Cornerstone Mortgage
cell: 713-304-2660
No comments:
Post a Comment