535 E Highway 121 Lewisville TX
972-625-2612 Fax 214-666-3227 Cell 214-704-4005
HUD REINTRODUCES THE $100 DOWN PAYMENT IN TEXAS
HUD announces the
reintroduction of the $100 down
payment on all HUD Homes that will be owner occupant and financed
with an FHA loan.
On a regular home where you
are financing with an FHA loan the required down payment is 3.5% ....
When buying a HUD home your down payment is only $100. But HUD will
only pay 3% of your closing costs and the closing costs are normally
about 6% so it still means you will need about 3% instead of 3.5% to
get into the home. Of course you still need to qualify for the home
loan with a minimum credit score of about 620 manual under writing and
a 640 automated underwriting. The appraisal comes with a HUD
home but you as the buyer need to purchase the title insurance.
On the other hand if your income is below the 80% AMI (Annual medium
Income) level you may qualify for Government Assistance and be able to
get into your new home for only $1000 total Investment. You have to
start somewhere if HOME-OWNERSHIP is your Dream and it will happen if
this is want you want and are prepared to WORK for. We at DFW Metro
Housing and Town Square Mortgage specialize in assisting you the First
Time HOME-BUYER obtain your Dream of HOME-OWNERSHIP by assisting you in
using Government Grant and Bond money for Down payment. If you qualify
we can get you into your own home for as little as $1000 TOTAL
The Cities of Lewisville, McKinney, Plano, Fort Worth, Dallas,
Arlington, Dallas and Tarrant Counties as well as the City of Garland
under their separate Home Assistance Programs HAP are offering you the
first time home buyers who qualify $7500 to $14999 in Down payment
assistance towards achieving YOUR dream of home-ownership. You must be
below the 80% AMI Example below and annual family income of $48550 for
a family of 3. The TDHCA has two program one with 4% assistance and the
other the HTF with $10000 in assistance.
For additional information concerning this
Program, please email Colin Rosenthal at
firstname.lastname@example.org or call
him at 214-704-4005.
For more information on a Home-loan please
For more information on What is involved in
purchasing your first home please go to
Thank you for your interest in the Program.
To contact us on-line please go to