Great News! TDHCA has replenished their downpayment assistance funds available to First Time Home Buyers. This is a below market interest loan that you get in order to make your down payment and it is a deferred, forgivable 2nd line for up to 4%. There are income limits and you will need to have decent credit. Visit http://www.tdhca.state.tx.us/homeownership/fthb/available_funds.htm for more information.
Contact me if you would like to speak with a lender to see if you qualify. That is your first step.
Of course, the First Time Homebuyer Tax Credit is also available to you if you have a home under contract by 4/30/10, so don't wait - get started now and buy your First Home!
Contact me if you would like to receive a FREE First Time Homebuyer handbook - we will mail it to you right away.
Sue Ellett, Broker-Associate
Texas Affordable Housing Specialist
866-693-7741
suemellett@yahoo.com
Great Austin and the Highland Lakes Areas.
I can refer you to a qualified First Time Home Buyer trained agent in other areas of Texas too.....
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