TARRANT COUNTY HOUSING FINANCE CORPORATION

Tarrant County Housing Finance Corporation

Down Payment Assistance

 

Tarrant County Housing Finance Corporation
Location Served: Tarrant County, TX
Provider: Tarrant County Housing Finance Corporation
Approved Lender: New American Funding – (512) 524-8077
Website

 
The Tarrant County Housing Finance Corporation’s (HFC) Bond Program provides eligible homebuyers with down payment and closing cost assistance through a fixed-rate loan. The grant helps homebuyers purchase their home and does not have to be paid back. Tarrant County HFC Bond Program assistance loans are awarded through a participating lender and are only available on a first-come, first-serve basis to qualified applicants.
 

Two Main Benefits to the Homebuyer:

 

  • 5.05% fixed mortgage rate.
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  • 3.00% down payment and closing cost assistance grant. For example, on a $100,000 loan amount, home buyers will receive $3,000 in assistance.
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Qualification Requirements

 
To qualify for the Tarrant County Housing Finance Corporation Bond Program, homebuyer must meet the following program requirements:
 

  • The homebuyer is required to purchase a home located within Tarrant County, excluding Keller and Grand Prairie.
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  • The homebuyer must either be a first time homebuyer or not have owned a home in the past three years. However, homebuyers purchasing a home in a Targeted Area or those who considered Qualified Veterans are exempt from this requirement.
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  • The homebuyer’s household income (combined income of those individuals executing the Deed of Trust) may not exceed the maximum limits* set by the Program below: $66,000 for 1-2 occupants $75,900 for 3 or more occupants
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  • The purchase price of the home may not exceed the maximum limits* set by the Program below: $258,691
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    • *Please Note: Homebuyers purchasing in targeted Areas are allowed higher purchase price and income limits. Ask your participating lender for more information.

     

  • The homebuyer use the purchased property as their principal / primary residence.
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  • The homebuyer must apply for the Tarrant County HFC Bond Program through a participating Lender.
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  • Cost for the Tarrant County HFC program is 1.00% Origination Fee and 1.00% Discount Fee, plus normal and customary fees.
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  • Only FHA, VA and USDA loans are accepted.
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  • The Tarrant County HFC Bond Program is permitted to be stacked with other city and/or county Down Payment Assistance programs.

 
To have a participating lender contact you concerning this Program, please email Mary Bert-Koelling at mary.koelling@firstsw.com or call the homebuyer helpline at 877.983.3792 and provide the following information:
 

  • Your Name
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  • Your Phone Number
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  • Your Email Address
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  • Area that you are interested in purchasing a home

 
Thank you for your interest in the Program.
 
If you have any additional questions regarding home mortgages, please contact a mortgage expert by filling out the form on the right or calling (512) 524-8077. You can also email Team@CandyBuzan.com.

This website marketing is not intended to offer loan services for properties in New York.