Texas programs - Bond 77 and MCC Please help

amaurym · ‎04-02-2012

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??

Current Score: EQ 694(Fako), EX 676(Fako),TU 729
Goal Score: 750 across the board

amaurym · ‎04-02-2012

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

Current Score: EQ 694(Fako), EX 676(Fako),TU 729
Goal Score: 750 across the board

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