Are you a Teacher working in Texas?
The Texas State Affordable Housing Corp and Texas Department of Housing and Consumer Affairs (TDHCA) has assigned over $44,000,000 in funds to help Teachers get their first home or to buy their next new home. This money is on a first come - first serve basis however, so now is the time to save! In conjunction with these programs, by working with your designated Realtor, you will save additional money in title fees. As a lender, I am originating these loans with no origination or loan fees. The only charges from the lender will be an underwriting fee of $495 and a processing fee of $200 - these discounts alone will save you thousands.
Frequently Asked Questions
*Is this a new type of home loan?
No, you are not limited to one specific loan program; it is a group of different programs that all have varying criteria for borrowers. Some are national programs and some are more local in nature, like the Texas funds. The THDCA program for instance, will give you up to 105% of the purchase price of a new home. This is particularly useful for first time homebuyers or individuals wishing to put no money down.
*What is the definition of a “teacher” for this program?
As mentioned above, there are many different programs available. Some of the programs specifically require that the borrower have a current teaching certificate. Other programs are designed for certain economic profiles, and are not solely for teachers, but can also include non-certified school employees.
*Is this available to teachers at private schools?
Many of the loan programs included in Homeworks are available to teachers at different types of schools.
Now is the time to act! Call me today and I will happily provide you with all of the time and information you need to make an informed decision.
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