Texas programs - Bond 77 and MCC Please help - myFICO® Forums

Anonymous · ‎08-04-2012

At the moment I'm approve for my loan through the builder lender.

This is for a single family new construction for $106,000

I was trying to apply for the Harris Down payment assistance for $14,500 however was turn down due to income been to high.

The lender said I can get this program called bond 77.

Then I saw this Texas Mortgage Credit Certificate

My down payment is about $3,800 and closing cost is covered by the builder. I should be able to come up with the down payment.

Has anyone had experience with the above programs,?? Which program should I go for??

Anonymous · ‎10-14-2012

Now they have a bond 79 that you can use the MCC together . They give 5% towards downnplayment instead of 4%. They just release this October 10

Texas programs - Bond 77 and MCC Please help