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Regular Contributor
amaurym
Posts: 134
Registered: ‎04-02-2012

Texas programs - Bond 77 and MCC Please help

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.

 

http://txhomeprograms.org/program/programdetail.php?id=164

 

Then I saw this Texas Mortgage Credit Certificate

 

http://txhomeprograms.org/program/programdetail.php?id=267

 

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
Regular Contributor
amaurym
Posts: 134
Registered: ‎04-02-2012

Re: Texas programs - Bond 77 and MCC Please help

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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