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Tarrant County Housing Partnership TCHP
Neighborhood Stabilization
Program NSP
Key Features
The TCHP in Conjunction with the TDHCA
(Texas Dept Housing Community Assistance) NSP Program is designed
to help qualified home buyers purchase one of 13
specific homes in Tarrant County by: See the
13 Homes available
Providing down payment, Principal reduction and closing cost
assistance in the amount of up to $30000.
Depending on the amount of assistance, the money does not have to be paid back
if you keep the home between 5 and 10 years after the date of
purchase
Loans under this program will be made on a first-come
first-serve basis
to qualified first time home-buyers obtaining their loan through
a participating Lender.
(Like
Chris Cook from Town Square Mortgage)
Apply for a Home-loan On-line
♦
2 Main Benefits
to you the future Homebuyer:
Purchase a fully restored home
from the
TCHP
Get up to $30000 in Housing assistance from the
TDHCA
♦
How a
Homebuyer Qualifies:
1)
Homebuyer
must purchase one of 13 available homes being sold by
TCHP
2) Homebuyer must
use a participating Lender
(Like
Chris Cook)
3)
The Household combined
income cannot be below:
The 50% AMI (Annual medium Income) Level
Family of 3
$31500
The Household Income
cannot exceed the 120% AMI
The 120% AMI (Annual medium Income) Level
Family of 3 $74,750
AMI Tables in Texas
4)
Homebuyer must
occupy the home as their principal residence.
5)
FHA, VA and USDA loans
only.
6) Can be utilized with MCC Programs
7) Homebuyer
must attend an 8 hour
First time home-buyers Workshop
For additional information concerning this Program, please
email Colin Rosenthal at
colin@dfwmetrohousing.com or call him at 214-704-4005.
http://www.dfwmetrohousing.com
For more information on a Home-loan please go to
http://dfwmetrohousing.com/Mortgage%20Loan.htm
For more information on What is involved in purchasing your
first home please go to
http://dfwmetrohousing.com/RE%20101.ppt
Thank you for your interest in the Program.
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