Description
ELIGIBILITY HIGHLIGHTS1 • Debt Ratios • 30% maximum housing debt • 40% maximum debt ratio • Income Limits • Maximum 80% of HUD AMI • Residency: Citizen or legal permanent resident • Must pass Homebuyer Ed courses2 • Credit Standards • Medicals are waived if less than $10,000 • All other accounts that are in collections or charged off less than 3 years must be paid off • No reserves requiredBENEFITS • Up to 100% LTV for low-income borrowers • Dallas Area Habitat for Humanity will pay up to $2,000 in closing costs • Title Services provided by NexVantage Title Services will be covered by Dallas Neighborhood Homes • Homebuyer Ed courses offered through Dallas Area Habitat for Humanity • No Mortgage Insurance requiredLOAN PROGRAM • 30-year fixed rate mortgage • Pricing: Competitively priced similar to Conforming Agency Rates • Fast track counselingAREASZIP CODES 75043 75051 75115 75134 75203 75210 75211 75212 75215 75216 75217 75223 75224 75227 75232 75233 75236 75237 75241 75253Dallas Neighborhood Homes in partnership with Dallas Area Habitat for Humanity is offering a loan program to meet the diverse needs of today’s low-income borrowers.Contact me today to learn more about Dream Builder: Southern Dallas