#firsttimehomebuyer #downpaymentprograms #homeownership Texas First Time Homebuyer Assistance Program.
This video provides a detailed overview of the Texas State Affordable Housing Corporation's (TSHAC) new program, a 4% First mortgage specifically designed for first-time homebuyers and individuals whose income does not exceed 80% of the area median family income. Essential information about what to do to benefit from this first come, first serve basis program, starting registration on September 7, is also included. The video aims to help potential homebuyers utilize the given resources to achieve their dream of homeownership.
00:00 Introduction
01:03 What are Mortgage Bonds
01:43 ELIGIBILITY REQUIREMENTS
03:15 How to Lookup Area Median Income
04:09 What do you need to Successfully Apply
10:13 What are the Risks with the Program
11:12 Recapture requirement test
#firsttimehomebuyer #downpaymentprograms #homeownership
NMLS#180100 | 1151140
Data Sources:
- tsahc.org/
- selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B5-Unique-Eligibility-Underwriting-Considerations/Chapter-B5-6-HomeReady-Mortgage/1125806341/Where-can-I-find-the-Area-Median-Lookup-Tool.htm
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