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4% Grant for
Down Payment and
Closing Cost Assistance
Denton County
Housing Finance Corporation
Board of Directors
James Carter Ray Roberts
Mark Chew Greg Leveling
Harold Perry Sandra Thurman
Lee Allan Baker Phil Gallivan
Charles Emery Kathy DuBose
Linnie McAdams
D
ENTON COUNTYH
OUSING FINANCEC
ORPORATIONM
ORTGAGE PROGRAMParticipating Lenders
CH Mortgage Company
4500 Mercantile Plaza Drive, Suite 112
Fort Worth, TX 76137
Sharon Fults (682) 647-3330
4306 Miller Road, Suite B
Rowlett, TX 75088
Christopher Bryant (469) 374-0580
CTX Mortgage Company
1800 Lakeway Drive, Suite 100
Lewisville, TX 75057
Mark Jensen (972) 316-2840
Countrywide Home Loans, Inc.
724 W. Main Street, Suite 250
Lewisville, TX 75067
David McElroy (972) 219-1708
3204 Long Prairie Road, Suite C
Flower Mound, TX 75022
Tim Kongenske (972) 899-7180
Judith O. Smith Mortgage
6125 I-20, Suite 140
Fort Worth, TX 76132
Judith Smith (817) 294-7887
Kingston - DFW
5840 W. I-20, Suite 265
Arlington, TX 76017
Denisa Daniel (817) 483-1291
Loan Partners
850 Central Parkway, Suite 100
Plano, TX 75074
Nancy Moreland (972) 424-3939
Prestige Residential
850 Central Parkway, Suite 100
Plano, TX 75074
Sue Maze (972) 424-3939
Ryland Mortgage Company
17855 North Dallas Parkway, Suite 200
Dallas, TX 75287
Geoff Potts (972) 629-8210
Sterling Capital Mortgage Company
850 Central Parkway, Suite 100
Plano, TX 75074
David Falk (972) 424-3939
860 W. Airport Freeway, Suite 300
Hurst, TX 76054
Charley White (817) 514-7800
2600 El Dorado Parkway, Suite 230-2
McKinney, TX 75070
Vanya Griffith (972) 529-6633
Summit Mortgage
6060 N. Central Expressway, Suite 350
Dallas, TX 75206
Joyce Goss (972) 934-9394
Texas Bank Mortgage
2525 Ridgmar Boulevard, Suite 200
Fort Worth, TX 76116
Cindi Pimentel (817) 735-0902
729 Fort Worth Drive
Denton, TX 76201
Dennis Green (940) 891-2320
Greg Newland
Jason Adamson
WR Starkey Mortgage
5055 W. Park Blvd., Suite 300
Plano, TX 75093
Melissa Bachmann (972) 599-5272
Denton County Finance Housing Corporation
The Denton County Housing Finance Corporation is a
not-for-profit corporation created pursuant to the Texas
Housing Finance Corporations Act.
Want a home of your own,
but can’t meet the down
payment?…
Buying a Home Can Be Affordable
Thanks to a special new partnership between the Denton
County Housing Finance Corporation and local home
mortgage lenders, first-time home buyers in Denton County,
Texas (excluding the Cities of Plano & Dallas) may now have
a chance to finance a home at below-market mortgage rates.
This program is designed to help qualified home buyers
purchase a newly constructed or existing home by providing
a 28-year fixed-rate loan (call a participating lender for
current rate) with down payment and closing cost assistance
equal to 4.00% of the loan amount. This program is targeted
to low and moderate income households. Loans under this
program will be made on a first-come first-serve basis to
qualified buyers. The Denton County Housing Finance
Corporation and area mortgage lenders are helping to make
your dream of owning a home come true.
Here are the Details!
The Mortgage Program
:The mortgages available through this program have
terms similar to other home loans – the payments are
fixed for 28 years and the loan types are Conventional,
FHA-insured or VA-Guaranteed. However, these loans
have two unique features:
!
1. A locked-in attractive mortgage interest rate; and!
2. Homebuyers will be provided a 4.00% closingcost and down payment assistance grant. For
example, on a $100,000 loan amount, home
buyers will receive $4,000 in assistance.
* The maximum income limits typically increase
slightly each year by the federal government. So it
is a good idea to call one of the participating lenders
if you have questions about whether you can qualify.
How Do I Get a Loan?
To apply for a mortgage loan under the program, a home
buyer must:
!
Meet the eligibility guidelines for the program!
Apply through one of the participating lenders!
Have a purchase contract on a home that meetsthe program requirements
Eligibility Guidelines
!
Homes must be located within the boundaries of theCity of Denton County, Texas (excluding the cities
of Plano and Dallas).
!
Borrowers using the program cannot have had apresent ownership interest in any principal residence
during the last three years.
!
Borrowers must meet normal mortgage underwritingrequirements which demonstrated creditworthiness.
!
Borrowers must occupy the purchased home as theirprincipal residence.
Maximum Purchase Limits*
New Homes Existing Homes
$171,155 $159,620
What If I Have More Questions?
Call one of the participating lenders listed on the back
of this brochure or Sharon Gonzalez at 214-953-4122.
They will be glad to talk with you about the features
of the program.
Maximum Income Limits*
Families of Families of
2 or less 3 or more
$66,500 $76,475
