Cap has are not fund, so they really never have to be paid back
- Eligibility – There’s absolutely no first-big date homebuyer requisite is qualified to receive this choice. Including, eligibility demands to possess home are bought in the program’s perimeters (inside Texas, leaving out the town restrictions out of El Paso and you will Grand Prairie and you can inside the Travis County).
- Earnings Restrict – Depending on your area in the Texas, the funds constraints to be qualified to receive this tactic are very different significantly. For instance, you possibly can make more if you live the latest Dallas-Fort Worthy of-Arlington city ($99,130 allowable disgusting domestic money for the Collin, Dallas and you may Denton Counties) and still be eligible for the program than you could potentially in the event the you reside the new Waco city (McClennan County: $75,555 and Drops State: $61,755).
- Purchase price limit – Just like the earnings constraints, the price limits are greater on urban areas of Texas than in the fresh new rural components. (more…)
