Do you meet these criteria?
- Have a Full time independent school district job in Texas?
- Are you a classroom teacher or teacher’s aide?
- Are you a school librarian, school nurse, or school counselor?
There is a new Texas program for you – First Come, First Served.
This grant money is available to qualified Educators.
Grant Requirements:
- Income and home purchase price limits apply
- You must meet standard mortgage underwriting requirements as credit worthy
- The house you are buying must be your primary residence
- FHA Loans Only
This program will give you a grant of 3% of your total loan amount. It can be used as a part your down payment. The grant does not have to be repaid.
Example:
For a $100,000 loan:
The grant would be $3000. If used toward your down payment requirement of 3.5% or $3,500, you would only need $500 for your portion of the down payment.
Global Lending Solutions is here to help you with a mortgage for your dream home and show you how to use this program for Educators to your advantage.
