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Houston down payment programs for first time home buyers I have a list of GRANT programs that I will be happy to share with you including the 7 most popular grant programs .
Below I give an example of the Harris county down payment program, also known as DAP, however keep in mind each program is different and the dollar amount given is different too!
Just ask me to email you the flyer listing all 7 grant programs . Not ready to speak you can send me a text requesting the 7 different down payment programs , all I need is your email so that I can email you the flyer. 713-269-9235 text
Your income is not totally determined from your paycheck. It is also determined by use of your checking, savings, investment, and retirement accounts at a rate of one percent (1%), plus any other forms of income you might receive, such as child support, reoccurring gifts, etc.
Attention first time home buyers, HARRIS County has a program that offers downpayment assistance to home buyers who may be eligible. upt to $ 23,800 new construction or resell with age of 20 years or newer home.
I have helped several first time home buyers navigate through this process, some of my clients have choosen new construction homes and some of my buyers purchased newer built resell homes in established neighborhoods.
So what ever you decide to purchase new or resell you will want to work with a Realtor who has a proven record of navigating throught the process with Harris County downpayment assistance program, also known as DAP.
If money seems to be the reason holding you back in buying your home, you may want to consider the Harris county downpayment program, you will need to meet certain criteria for the programs, one being you are able to provide three years of tax returns, and your credit must be at least 660 fico score. There is also a maximum income restrictions for families- please see chart below.
Two insepctions will be needed in order to purchase the home, one being the TREC inspection that the buyer will set up first, then the second would be Harris County inspector would come out after all repairs have been made from the seller, once your Realtor has negotiated the repair items with the seller.
There is also an interview that you the buyer will travel to Harris county and meet with one or more of the staff members, this is mandatory in order to receive the grant money.
Sounds interesting? If so, then you will want to take the required HUD class to receive your certificate, this is the first step in order to receiving the Harris county grant money. I have the list of HUD classes below- just scroll down.
Once you have the certificate the next step would be is to get pre-qualified with an approved lender-the list is provided at the HUD classes.
Once you have your prequal letter from the lender then you will contact a Realtor who is familiar with the Harris county downpayment program, hopefully you wil feel comfortable enough to contact me as your Realtor.
Thanks for reading-if you have any questions on the process I will be happy to speak with you and help you in any way that I can.
You should work with a Realtor who is familiar with this program. You will need to have the home inspected by licensed inspector with the state and then the city will also send out their housing inspector to make sure the repairs from the first inspection is completed.
I have pulled some information from the Harris county site to give you more information
Down payment Assistance Program (DAP)
The Community Services Department Down payment Assistance Program (DAP) can financially help you purchase your dream house in Harris County, if you are income eligible and a first-time homebuyer.
Harris County Down payment Assistance Program (DAP) Guidelines:
The total family gross income cannot exceed the following:
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