West Texas DPA
Down Payment Assistance
The City of Odessa Down Payment Assistance Program provides closing cost and downpayment assistance to qualifying low-income residents purchasing a primary residence in Odessa, Texas. 5-10% downpayment assistance is available for qualifying existing homes and up to $3,500 closing cost assistance for homes less than $85,000. Downpayment assistance is offered on a sliding scale based on family income. Qualified borrowers can receive up to $4,000 in closing cost assistance for newly built homes with sales pricing under $95,000.
For qualified first-time homebuyers purchasing a qualified residence, the Odessa Mortgage Credit Certificate (MCC) is a tax credit reducing federal income taxes and thus reducing your mortgage payments. New American Funding is a participating lender. As long as you live in the home and are current on your mortgage payments, you may qualify and save money.
Looking for DPA Programs in Your Area? New American Funding is an Approved Lender for Down Payment Assistance Programs in most states.
To lean more, call (512) 524-8077, email Team@CandyBuzan.com, or use the contact form.