NORTH DALLAS REAL ESTATE
Plano-Down Payment Assistance
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Plano Housing
Corporation
Down
Payment Assistance
The Plano Housing Corporation has funds available for
eligible buyers that can qualify for conventional financing.
To
use this program:
-
The buyer must have adequate credit and job history to
qualify for a mortgage.
-
The buyer must be a first-time homebuyer (there
are some exceptions, check with PHC to see if you will
qualify).
-
The buyer must complete the City of Plano's Homebuyer
Education Seminar.
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Each adult resident in the household must be a legal
resident.
-
The buyer must occupy the home as a primary residence.
-
The buyer must meet certain income guidelines.
This program can
be used to purchase any home in the city limits of Plano.
Typically, a "soft second mortgage" will be filed. The soft
second mortgage requires no payment from the buyer as long as
the first mortgage remains current. The soft second mortgage
will go away after 5-15 years depending on the amount of down
payment assistance provided.
The Plano Housing
Corporation has another program available until the end of the
year that does not require a second mortgage, only a deed
restriction. Again, this deed restriction expires in 5-15
years depending on the size of the down payment assistance.
For more
information about this program, please contact the Plano
Housing Corporation at: 469-450-2458.
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| |
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If you are interested in purchasing a new
home or selling your existing home,
Call 214-336-7088 or e-mail me at jay@realestatedal.com
BUY A HOUSE |
SELL A HOUSE |
FRISCO REAL ESTATE AGENT
Frisco
TX
|
Plano TX | Allen TX |
Carrollton TX | Wylie TX | Sachse TX | Murphy TX | McKinney TX |
North Dallas TX
We serve Allen, McKinney, Prosper, Frisco,
Plano, Lewisville, The Colony, Sachse, Wylie, Murphy, Richardson,
Carrollton, Flower Mound, Coppell, along with many other areas
around DFW.
Frisco
foreclosures offer a tremendous amount of value and can save the
buyer thousands.
NORTH
DALLAS
REAL
ESTATE AGENT
