The Texas Department of Housing and Community Affairs created the Texas Mortgage Credit Program to help make homeownership more affordable for low- and moderate-income first-time buyers. Credits are available in conjunction with FHA, VA, USDA, or conventional mortgage loans through a statewide network of participating banks and mortgage companies. Homebuyers earning up to 115% of the area median family income are eligible to deduct 30% of the annual interest paid on their mortgage loan up to the maximum amount of $2,000 per year. The $2,000 is then deducted from the borrower’s annual tax liability, and the benefit lasts for the entire life of the mortgage loan.

I know it sounds a little too good to be true, but there is money available just to Texas Home Buyers.  This doesn't need to be your very first home.  If you haven't owned a home as their primary residence for the prior three years, you are considered for this program.

Learn more at MyFirstTexasHome.com. To search for more affordable-housing resources for your clients, visit TxHomePrograms.org, a site created by the Texas Association of REALTORS®.

You can give me a call or email me as I am a licensed Texas Affordable Housing Specialist.

www.karensherrill-homes.com