Jorge Chiriboga

Chiriboga Realty LLC

Chiriboga Real Estate Team Blog

News, opinions and answers to the most frequently asked questions in the Real Estate market.

Our Mission is to humbly serve our Lord by dealing with our clients with integrity--giving them accurate real estate and mortgage advice, supplying them with appropriate options and alternatives, and providing them with tools needed to save money when buying or leasing a home and/or maximize income when selling their property.

Up to $15,500 in Downpayment Assistance

June 15th, 2016

Click here for Lovely Bank Owned Homes For Sale

This program allows qualified Texans access to competitive interest rate home loans and down payment and closing cost assistance. Homebuyers who meet the following minimum requirements are eligible to apply for a loan under the program:

  • First time homebuyer or a homebuyer who has not owned a home as primary residence within the past three years;
  • Homebuyer(s) income does not exceed program's income limit guidelines ($79,580 for a family of 3 or more)
  • Purchase price of home does not exceed program's purchase price limit guidelines: $311,204
  • Credit Score/DTI Requirements
    • Government Loans (FHA, VA, USDA):
      • Minimum 640;
      • Max DTI - 45%
    • FNMA HFA Preferred Loans:
      • Minimum 640 for LTVs 95% or lower;
      • Minimum 680 for LTVs 95.01-97%
      • Max DTI - 45%

It's a fast, simple process. You only need to apply with an approved-lender for this program.

Call us about the program above to locate participating lenders in your area.

If you have more questions, please do not hesitate to Email me or contact me at 713-589-3234 for more information.


Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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News, opinions and answers to the most frequently asked questions in the Real Estate market.
Chiriboga Realty LLC
5555 W Loop South, Ste 420-C, Bellaire, TX 77401   Get Directions
Phone: (713) 589-3234
Fax: (281) 761-6553
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