Are you looking to purchase a home in Central Texas? If so, you may be wondering if local realtors can help you find lenders and financing options. The answer is yes! The Texas Homebuyer Program provides assistance with down payment and closing costs through a network of trained and approved mortgage lenders. These lenders will work with you to find the best financing options available. If you qualify to participate in the program, the Texas State Home Buyer Team (TSAHC) will provide you with a mortgage loan and funds for your down payment.
You can choose to receive down payment aid in the form of a grant (which doesn't have to be repaid) or a deferred and forgivable second-tax loan (which should only be repaid if you sell or refinance within three years). In other words, you could potentially receive free money to help you buy a home. If you are already working with a lender, call the Texas Homebuyer Program at 1−800−792−1119 to see if that lender's mortgage company is approved to help with the Texas Homebuyer Program. The Texas State Home Buyer Team, a division of the Texas Department of Housing and Community Affairs (TDHCA), is here to help you take the steps to becoming a homeowner. The mission of the TDHCA is to manage assigned programs efficiently, transparently and legally, and to invest its resources strategically and to develop high-quality affordable housing that allows Texas communities to thrive. An educational course for homebuyers is required for the Texas Homebuyer Program, and the requirement can be met by completing a course taught by a non-profit organization or government entity approved by the HUD, or by using a FREE online course for homebuyers from the Texas Homebuyer Program “How to Become a Homebuyer” available through Texas Homebuyer U.
My first home in Texas is only available to first-time homebuyers and veterans. In conclusion, Central Texas realtors can help buyers and sellers find lenders and financing options through the Texas Homebuyer Program. This program provides assistance with down payment and closing costs through a network of trained and approved mortgage lenders. If you qualify for this program, you could potentially receive free money to help you buy a home. So don't hesitate to reach out to your local realtor today!.