City of El Paso Home Repair Loans

The Department of Community and Human Development offers services to assist homeowners with repairs to bring their dwelling unit into compliance with the International Residential Codes and local ordinances.   El Paso households who own and occupy their homes and are income and asset qualified, can apply for the Single-Family Owner-Occupied (SFOO) Program. Eligibility Requirements Single-Family … Read more

Plano Housing Rehabilitation Program

Plano Housing Rehabilitation Program is a program that provides financial assistance to rehabilitate single-family homes. Property must be located in the city of Plano. Eligibility Requirements The following eligibility requirements must be met: Program Income Limits Family Size Income Limit 1-person $54,550 2-person $62,350 3-person $70,150 4-person $77,900 5-person $84,150 6-person $90,400 7-person $96,600 8-person … Read more

College Station Downpayment Assistance

The Down Payment Assistance Program provides qualified homebuyers with shared equity, gap financing of up to 30% of the sales price, capped at $50,000. The assistance amount is determined by the borrower’s demonstrated need, or “financial gap.” The loan is deferred and non-interest bearing. The percentage of equity repayable is based on the assistance amount … Read more

Houston Single Family Home Repair Program

Help is available to repair and rebuild homes of low- and moderate-income homeowners in the City of Houston. The Single-Family Home Repair Program evaluates damaged homes and helps make repairs needed to protect a homeowner’s life, health, and safety. The program gives consideration to seniors over the age of 62, families with children under the … Read more

City of Dallas HFC Mortgage Credit Certificate Program

City of Dallas HFC Mortgage Credit Certificate Program is a a federal tax credit program that entitles you to take a federal income tax credit equal to thirty-five percent (35%) of the annual interest you pay on your home mortgage, up to a maximum of $2,000 per year. Because the MCC reduces your federal income … Read more

Texas Veterans Housing Assistance

In 1983, the Legislature created the VLB Veterans Housing Assistance Program (VHAP), to aid Texas Veterans in purchasing a home. Eligible Texas Veterans and Military Members have an opportunity to purchase a home with a competitive, low-interest loan with little or no down payment. Veterans, Military Members and their spouses may receive up to $726,200 … Read more

Galveston Home Programs

HOME Investment Partnership Program Purpose The primary purpose of the HOME Investment Partnership Program (HOME) is to expand the supply of decent, safe, sanitary, and affordable housing for very low-income persons. Eligibility Criteria of Projects To receive HOME funds, each application or applicant must: Eligible Activities Eligible HOME activities include, but are not limited to … Read more

Lead-based paint in the home

Approximately three-quarters of all houses in the U.S. built before 1978 contain some lead-based paint. When properly maintained and managed, this paint poses little risk. However, 1.7 million children have blood-lead levels above safe limits, mostly due to exposure to lead-based paint hazards. Lead-based paint is a major source of lead poisoning for children and … Read more

Homebuyer’s Dictionary (glossary)

Acceleration ClauseAllows the lender to speed up the rate at which your loan comes due or even to demand immediate payment of the entire outstanding balance of the loan should you default on your loan.Adjustable Rate Mortgage (ARM)Is a mortgage in which the interest rate is adjusted periodically based on a preselected index. Also sometimes … Read more