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Jorge Chiriboga

CDPE, CNE, CRS, HSMMS
Chiriboga Realty LLC
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How Can Elderly Retired People Buy Homes in Houston, TX?

March 20th, 2020


I never thought this would be possible but there is a new government program in Texas that allows retired workers to buy a home even when they hold no jobs and make no income other than their Social Security checks.

Needless to say, this program is not for everybody. You still have to qualify. The basic requirements are:

  1. YOU HAVE TO BE AT LEAST 62 YEARS OLD
  2. You have to put at least 50% down payment on the house (MUCH LESS if you are older than 62 years old)
  3. You have to be able to pay your OWN property taxes.

Under this program, the home buyer does not need to make any monthly payments on the property.

This is a federal program that the state of Texas has just recently adopted but very, very few people know about it because it takes a specialized lender to be able to originate it.

If you are in this situation, and you would like us to connect YOU with this lender, we will be glad to do so. Once approved, we can help you buy the house of your dreams and, more than likely, LIVE near your grandkids!!

If you have further questions, please do not hesitate to Email me or contact me at 832-607-0149 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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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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