Did you know that there are ways to get help with mortgage-related expenses in San Antonio? Home buyers in the Alamo City can accept both gifts and aid from nonprofit organizations and government agencies to assist in realizing the American Dream. Assistance programs vary by income and factors such as whether one is a first-time home buyer or a military veteran, but can provide thousands of dollars toward upfront expenses, fees, closing costs and the down payment.
Bexar County Department of Community Investment American Dream Downpayment Initiative: Provides up to $10,000 or 6 percent of the purchase price for first-time home buyers whose income does not exceed 80 percent of the median family income in the county. Excludes homes within the city of San Antonio. Buyer pays 1 percent of sales price.
Contact: (210) 335-6538, www.bexar.org/CDP/Housing.html
City of San Antonio’s Housing and Neighborhood Services Department’s Homeownership Incentive Program: Provides up to $12,000 to buyers earning less than 80 percent of the median Bexar County family income. Must buy a home up in the city limits worth no more than $110,000.
Down payment assistance for veterans: Includes up to $15,000 toward down payment and closing costs to veterans earning less than 80 percent of the median Bexar County income. No sales price cap. Monthly mortgage payment can equal up to 33 percent of monthly income, while total monthly debt payments cannot exceed 41 percent.
Contact: (210) 207-7881, www.sanantonio.gov/nad
Neighborhood Assistance Corp. of America: Charges no down payment, closing costs, points or application or origination fees; interest rate is 1 percent below base market rate; borrower must have 3 percent in escrow to cover prepaid fees and moving expenses; there are loan caps for Bexar County and all contiguous counties.
Contact: (210) 826-2828, www.naca.com
Neighborhood Housing Services of San Antonio Inc.: Provides up to $21,000 in second mortgage set at a 4 percent interest rate to cover fees and closing costs. Total loan package can be up to 105 percent of the purchase price. It helps buyers under 120 percent of the median family income in Bexar County. Buyers must attend home buyer classes.
Contact: (210) 533-6673, www.nhsofsa.org
Texas Department of Housing and Community Affairs Texas Lone Star Program: Provides up to 8 percent of the purchase price for down payment and closing costs as a 20-year second mortgage. CitiMortgage is the lender.
First Time Homebuyer Program: Provides up to 5 percent of the mortgage amount for down payment and closing costs to buyers with between 60 percent and 80 percent of the median family income. Repeat buyers cannot have owned a house within the last three years. Has higher interest rate.
Contact: (866) 535-2673 and (800) 792-1119, www.tdhca.state.tx.us/
Texas State Affordable Housing Corp. Professional Educators Home Loan Program: Provides 5 percent of the mortgage amount for down payment and closing costs to buyers with up to 140 percent of median family income. Must be full-time teacher, teacher aide, school librarian, school nurse, school counselor or full-time faculty member in a professional nursing or allied health program. Purchase price capped at $237,031 in San Antonio.
Contact: (512) 477-3555, www.tsahc.org
As with any important document affecting your legal rights, you should have an experienced real estate lawyer review your mortgage loan and related documents. San Antonio lawyer Trey Wilson and the law firm of R L Wilson, P.C. have significant experience in mortgage related transactions and litigation. Contact San Antonio attorney trey Wilson at 210/223-4100 or www.sa-law.com
Use the largest online attorney directory to quickly find detailed profiles of Texas lawyers and law firms in your area.
Đăng ký:
Đăng Nhận xét (Atom)
Bài đăng phổ biến
-
San Antonio HOA Lawyer Trey Wilson wrote: From The Buffalo News, N.Y. Dec. 17 — When neighbors took it upon themselves to clean Suzanne Tayl...
-
I have found that people that try to save money usually end up paying more! Many people are "afraid" to serve their spouse. I don...
-
Houston Lawyer Referral Service www.hlrs.org 713-237-9429 Their motto is - helping the Houston metropolitan community to find quality legal ...
-
Last March, a federal jury returned guilty verdicts in United States District Court in Austin, Texas against five current and former Austin ...
-
CHAPTER 9. POST-DECREE PROCEEDINGS SUBCHAPTER A. SUIT TO ENFORCE DECREE Sec. 9.001. ENFORCEMENT OF DECREE. (a) A party affected by a decree...
-
This chart illustrates the trend concerning the outcome of undergoing the TRCC Complaint Process
-
Retirement accounts, not unlike mutual funds and some stock accounts, are assets acquired over the course of many years. In dividing these ...
-
I recently hired Strickland Technology to revise my website. Please give me your comments. www.familylaw4u.com Fran Brochstein 713-847-6000
-
Dallas police officer Daniel Babb was indicted yesterday by the Grand Jury, so he's officially facing criminal charges now. Officer Ba...
Không có nhận xét nào:
Đăng nhận xét