TX Home Programs 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
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
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
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
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