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Brett's Mortgage Blog

4% Down Payment Assistance Grant Available In Texas…

Mortgage Broker AdvisorMortgage Broker AdvisorThe TSAHC Bond 4% DPA with a 5.75% interest rate is back, but only for homes in targeted areas.

This is a 4% grant with a rate at 5.75%.  You can find the targeted areas here! https://www.arcgis.com/home/webmap/viewer.html?webmap=3aa51f6d6c42469ea76be480fc39ffb0&extent=-106.2112,28.2436,-89.9844,36.2151

Example of how this can work:  I had a Broker in Dallas that had a borrower that needed DPA but was over the regular DPA income limit. So, we structured the loan with “Targeted Area Income Limits” (higher) and told the realtor to find them a house in a targeted area.  It worked great and the borrower was happy.

If you want to see if you or someone you know qualifies – contact our offices and we’ll see if you qualify.
Thank you for reading!
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Brett Sampson

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