1-877- 292-7350 jhurst@hurstlending.com

Downpayment Assistance Program

Tools to help you grow your real estate portfolio.

Downpayment Assistance Program

Client Reviews

We work with a public benefit corporation to offer homebuyer assistance to qualified homebuyers for the purchase of homes throughout the state of Texas except for the cities of El Paso, Grand Prairie, McKinney, and Travis County. The program offers 30 Year fixed rate loans with a maximum of 7% of the final loan amount as assistance that can be applied toward downpayment and/or closing costs.

 

  • Effective 1/1/22, the maximum purchase price limit is $492,500. Actual maximum limits vary by county throughout the state.
  • Fico credit scores as low as 620 allowed.
  • A homebuyer education course must be completed to qualify for assistance.

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Offering loans in Alabama, Colorado, Florida, Georgia, Idaho, Iowa, Louisiana, Oklahoma, Oregon, Pennsylvania, Virginia, Texas and Washington.

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PROPERTY TYPES

FHA/VA/USDA

1-4 units, primary residence

HFA Advantage

1-4 units, primary residence

Condominiums

Townhouses

PUDS

Manufactured Homes are Not Allowed

CONVENIENCE

Multiple Loan Options Available

Quick Decisions

Quick Closing

No Unnecessary Red Tape

Dat-Nguyen-football-photo
“Football’s hard.
Growing your Porfolio doesn’t have to be.”

 

Dat Nguyen, Hurst Lending Investor
Former Pro Football Player & Coach

QUESTIONS?

Call 1-877-405-3465

Downpayment Assistance Structure

This assistance is structured as a second loan with 3, 7, or 10 year terms with principal deferred and no accrued interest. This is not a bond loan.

Forgiveness periods:

3 Year Term

Forgiven in full on the maturity date of 3 years. This is available for government loans only (VA and FHA).

7 Year Term

Repayment obligation for the 7 year option is “forgiven” in equal monthly increments after year 2 and will be 100% forgiven at maturity of the note. This is available for both government and conventional loans.

10 Year Term

Repayment obligation for the 10 year option is “forgiven” in equal monthly increments after year 5 and will be 100% forgiven at maturity of the note. This is available conventional loans only.

Not Just Lenders - Problem Solvers!

Great Rates

Lots of mortgage lenders can offer a good rate on a conventional loan. We can too – in fact, our rates are some of the best around.

Unique Solutions

The difference? Hurst Lending finds ways to make the deal work when your mortgage needs are outside the “conventional loan” box.

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