
This Texas Down Payment Assistance Grant is available to all Texas Residence. Texas residence can receive up to $35,000 or 2% of your sales price. To be applicable, simply apply below. The grant does not have to repaid back, you do not have to live in the property for a certain amount of time. This is a free grant given to you for your down payment and/or closing cost.
- Credit score must be above 580 (middle score)
- Income verification
- 12 months of employment history
- 3 Months of Bank Statements
- No late payments in the last 6 months
- Tax Returns filed for the last 2 Years
- Bankruptcy is ok but needs to be discharged
- 43% Ratio of Debt including Mortgage (DTI = Debt to Income Ratio)
- For example if you make $10,000 a month, 43% can be used for revolving credit including mortgage
- Revolving credit includes
- Child support
- School Loans
- Car Loans
- Mortgage (applying for)
- Credit card payments
- Revolving credit includes
- For example if you make $10,000 a month, 43% can be used for revolving credit including mortgage
[contact-form-7 id=”3016″ title=”Grant Application”]