First Time Home Buyer

Are you a first time home buyer and need a little help with a down payment and closing costs? We have a great program available: a gift up to $12,500!

Grant for Your Down Payment and Closing Costs

We have partnered with a non-profit organization to help you make your down payment, closing costs, and potentially even some of the principle of your loan. This is a GRANT, not a loan, so yes, this means you will literally be given this money, with no expectation to ever repay. (It can’t get any better than that!!)

3-5% of the Purchase Price up to $12,500

Eliminate your Down Payment

The organization will give you 3-5% of the purchase price, depending on the type of loan you choose, good toward any costs associated with your home purchase. This will usually eliminate your down payment on an FHA, VA or USDA loan, some or perhaps all closing costs, and any remainder can be applied to the principle to pay down the total debt.

How to Qualify

Here’s how you qualify:

• You are employed with household income below:
• $84,180 in most Austin-area counties.
• $76,130 in Harris County.
• Maximum purchase price: $250,200.
• Must be a 30 year fixed rate loan, purchase only.
• Must be an FHA, VA or USDA loan.
• Qualification for these is no more difficult than a typical mortgage.
• OK credit – minimum FICO score of 640. This generally means:
• No bankruptcy within the last seven years.
• No major loan defaults.
• Perhaps limited credit history, or a few late payments.
• Must occupy the home as a primary residence.

Get Pre-approved Today!

If it looks like you qualify, your best next step is get pre-approved for this grant as well as your mortgage. You’ll then know exactly how much house you can afford. The application takes only about 20 minutes to fill out. Or, call us for a free consultation to see if you qualify – we’ll even be happy to introduce to some great real estate agents if you don’t have one yet.

Apply to pre-qualify today! Or call with questions.