TexasHeroes

Buy a home without spending a dime. The Texas State Affordable Housing Corporation Homes for Texas Heroes Grant Program has grant money available for you and pays for about half of what is required for your down payment and closing cost. There is no second lien associated with this Grant. It is a true grant equal to 5% of your loan amount and never... needs to be repaid. You do not have to be a first-time home buyer to take advantage of the Grant. Even better, TexasHeroes has joined forces with Keller Williams Realty that can show you how it's possible to get the seller to pay the balance of what you would normally be expected to pay at closing. Do not think that everyone knows of this grant program including most real estate agents. Nor do not think that most real estate professionals know or understand how mortgage underwriting guidelines work which allows you to actually purchase a home without spending a dime of your own money when it's all said and done. As with many of us it isn't that we can't afford the monthly mortgage payment because we are already spending more then we should be on rent. It's the fact that we just don't have the money for the down payment and the two or three months worth of payments as reserves as required by most mortgage underwriters. Bottom line is this. To purchase a $100,000 house you're going to need around $11,000 in your savings account of which $3,000 of that you'll need as a house payment reserve for loan approval. That's a lot of money being that you still have to pay for movers and get your home setup with all the other things you're going to need when moving into a new place. This is where a Keller Williams Agent can help. The grant pays for 5% of your down payment, which in this example is $5,000. You're Keller Williams Agent gets the seller to pay around 3% to 4% of your loan amount towards your closing cost. This covers the $7,000 or $8,000 that is required for you to get into the house. All you need now is your 2 to 3 months of house payment reserves in your savings ...Read More