Halloween Trick! Some Down Payment Assistance Temporarily Suspended in Texas
By Henry J. Daniels - Sr Loan Officer, Nationwide Construction, Rehab,Conv & VA/FHA/USDA
(Henry J Daniels (936) 228-1944)
Bond 77 servicer ends participation in Down Payment Assistance for first time home buyers. The latest news for first time home buyer down payment assistancein Texas is that one program is transitioning to another servicing company. Deadline of December 15th has been moved to October 31st. If your loan is not registered with TDHCA by Monday October 31st and closed and funded by November 18th you will not receive the bond 77 down payment assistance funds until a the program is re-launched. Although additional funds have not been allocated to the Bond 77 down payment assistance program funds that were not used in previous allocations have been recycled and will be available when the program re-launches. It is the intent of TDHCA to have as little down time as possible. The importance...