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Dallas
Housing Finance Corporation Single Family Mortgage
Revenue Bond Program
The program offers a
fixed interest rate* for 30-years with down payment and
closing cost assistance equal to 3.5% of the loan amount
with a 1% origination fee. (For example, on a $70,000
loan amount, homebuyers will receive $2,450 in
assistance). Available mortgage loan types include
Conventional, FHA, VA and RECD loans.
*The interest rate
available will change over time. Check with a
participating lender to learn the current interest rate.
Dallas
Mortgage Assistance Program (MAP)
A first-time
homebuyer program which provides principal reduction,
down payment, and closing costs assistance up to
$10,000.00. Also, may provide a grant of up to
$1,500.00 for Minimum Housing Standards repairs.
Funds are available
to first-time homebuyers earning 80% or below the area
median family income
The home must be
located in the Dallas city limits
The home sale price
can not exceed certain federal limits
Homebuyer must
complete homeownership education from an approved
counseling agency
A first-time
homebuyer is defined as someone who has not owned a home
in three years. Under first-time homebuyer programs,
single parents and displaced homemakers automatically
are considered first-time homebuyers.
For More
Information and to See if You Qualify
Call
866-650-7923
Or
Complete
the Form Below |
