Home Buyer FAQ: Where can I get a copy of my Mortgage Credit Certificate (MCC)?
You can get a copy of your MCC from your lender or by reaching directly out to us. Please email firstname.lastname@example.org for an electronic copy of your mortgage credit [...]
Lender FAQ: Are DACA recipients eligible for TSAHC's programs?
Effective Date: All locks on or after March 4, 2021 Lakeview Loan Servicing will begin to permit borrowers classified under the DACA program in the HFA conventional channel subject to the following requirements: Fannie Mae HFA Preferred (loans must contain a DU Approve/Eligible finding) product only. Use of Freddie Mac’s HFA Advantage and LPA will not be accepted for DACA [...]
Home Buyer FAQ: Do we have to use a TSAHC approved lender to apply for the assistance?
Yes, the lender does need to be an approved, participating lender with TSAHC in order to receive our DPA and/or MCC assistance. You can find a list of approved lenders by visiting our "Find a Lender" page. Here we highlight those we trust in the following ways: Top Performing Loan Officers - those that have helped the most Texas families use our programs and are highly knowledgeable. These [...]
Home Buyer FAQ: Can you apply for TSAHC's DPA and MCC programs even if you are out of state (or just moved to Texas)?
Yes, as long as you intend to make the property you purchase with our assistance your primary residence within 60 days, you may apply for and receive our assistance. The best way to get started with our program is to visit www.ReadytoBuyaTexasHome.com and take our eligibility quiz. Once you do that, if the result indicates you qualify (we do require a credit score of 620 or higher for our [...]
Home Buyer FAQ: What Is Debt to Income (DTI)?
DTI stands for debt-to-income, also referred to as the back-end debt ratio. It shows how much of your gross monthly income is needed to cover all your debt obligations. Follow these steps to determine your approximate DTI: Add up all your debt (including your mortgage, car loans, child support and alimony, credit card bills, student loans, etc.). Divide this amount by your monthly [...]