DFW Metro Housing

   

     535 E Highway 121 Lewisville TX  

 

 

      

 

 

 

Office Phone  972-625-2612  Fax 214-666-3227 Cell 214-704-4005 

                        

City Of Denton Community Development Division

 

Homebuyer Assistance Program (HAP)

Key Features

The City of Denton HAP Program is designed to help qualified home buyers purchase a home by:

            Providing Anywhere from $5000 to $14900 in Down payment, Principal reduction and or Closing Cost Assistance to First Time Home-buyers. 

            The Housing Assistance comes in the form of an interest free loan that is forgiven after anywhere between 5 and 10 years after purchasing the home 

            Loans under this program will be made on a first-come first-serve basis

            to qualified first time home-buyers obtaining their loan through

            a participating Lender. (Like Chris Cook from Town Square Mortgage)

            Apply for a Home-loan On-line

   How a Homebuyer Qualifies:

1)   Homebuyer must purchase a home within City Limits of Denton Texas.

   2)   Homebuyer must be a first-Time Home-Buyer (Not have owned a home in the past 3 years)

         The home owner must occupy the home.   This includes all co-owners and co-borrowers

   3)  The Household combined income cannot exceed:

                  One Person Low $24200  to Moderate $38750

              Family of 3 Low $31000  to Moderate $49800   

              Family of 8 Low $45650  to Moderate $73000 

          Please view Attached Chart From Denton City Housing

  4) The purchase price of the home must not exceed

        the maximum of $125000

 

     5)     Homebuyer must occupy the home as their principal residence.

     6)   Homebuyer must apply through a participating Lender. (Chris Cook)

                      Apply for a Home-loan On-line  

♦    7)   FHA, VA and USDA loans only.

   8)   Can be utilized with Grant programs like MCC and HTF

     10)  Homebuyer must attend an 8 hour First time home-buyers Workshop

 

For additional information concerning this Program, please email Colin Rosenthal at

colin@dfwmetrohousing.com or call him at 214-704-4005.  http://www.dfwmetrohousing.com

For more information on a Home-loan please go to http://dfwmetrohousing.com/Mortgage%20Loan.htm

For more information on What is involved in purchasing your first home please go to http://dfwmetrohousing.com/RE%20101.ppt

Thank you for your interest in the Program.

 

 

 
  DFW Metro Housing 2012  
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