Are you ready to buy a home but lack money for the down payment and closing costs?  The First-Time Homebuyers Program, administered by the Neighborhood Resources Division of the City of Wichita Falls, Texas may offer the help you need.  The First-Time Homebuyer Program, created with a grant from the US Department of Housing and Urban Development, helps low to moderate-income families and individuals with the substantial amount of cash required at the time of closing.

The First-Time Homebuyers Program was designed to help people who:

  • Desire more stability and control over their living conditions and housing expenses than what renting typically provides.
  • Wish to build an investment in a home, rather than pay monthly rent offers no financial return.
  • Want the pride, satisfaction, and benefits that homeownership brings.

The following details will help you decide if you might qualify and how to apply for the First-Time Homebuyers Program.

How Does the Program Help?

The FTHB Program provides $8,000 for qualified applicant that can be used for:

  • Buyer's closing costs, and/or
  • Down payment requirements and/or
  • Reducing the mortgage loan principal
  • In addition to the $8,000, additional funds many provide for certain repairs after property closing.

Over the next few days I will be offering you valuable information on the First-Time Home Buyer Program, so check my blog daily for new information or if you want to talk personally, please contact me.  I want to see every First-Time Homebuyer take advantage of this great opportunity.