Purchase a home with no money down

The most common first-time buyer loan(FHA) requires a minimum down payment of 3.5%. We offer either a 3% or 5% grant to help buyers with that down payment. In most cases the assistance money does not need to be paid back. It is truly a free grant backed by the State of Texas.



The program is specifically designed to help buyers realize the dream of homeownership without having to invest thousands of dollars into a down payment. Even if someone has been saving money, we always encourage our customers to consider utilizing this program so they can have more savings when moving into their new home. 

› 3/5% GRANT TOWARDS DOWN PAYMENT AND/OR CLOSING COSTS.
› 30 YEAR FIXED FHA LOAN
GRANT COVERS ENTIRE DOWN PAYMENT • ZERO DOWN.
› ONE LOAN PROGRAM • QUALIFY FOR FHA LOAN AND GRANT TOGETHER.
› GRANT DOES NOT NEED TO BE REPAID.
› STATEWIDE • NO RESTRICTIONS ON LOCATION.
› FIRST-TIME BUYERS AND PREVIOUS HOMEOWNERS WELCOME TO APPLY.
› REQUIRES 640 CREDIT SCORE.
› NO COST CONSULTATION.
› FREE CREDIT CHECK.

ADD YEARLY TAX CREDIT TO YOUR LOAN

› GET A PORTION OF YOUR MORTGAGE PAYMENT BACK AT THE END OF THE YEAR.
› GET UP TO $2,000 BACK EVERY YEAR WHEN YOU DO YOUR TAXES.
› USE UP TO 40% OF YOUR INTEREST AS A TAX CREDIT.
› CAN BE COMBINED WITH 5% ASSISTANCE GRANT FOR MAXIMUM SAVINGS.

PROGRAM BENEFITS

› Can help somebody purchase a home even if they haven’t saved for down payment.
› Allows buyer to utIlize a grant and keep their down payment in the bank.
› Use grant to pay for closing costs if seller is unwilling to pay.
› Purchase a home with no money down.
› Use MCC Tax Credit to offset a portion of the mortgage payment.

 

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