Find Home-Buyer Assistance Programs

Source: Texas Association of Realtors - May 13, 2010

The federal tax credit may have expired, but there are still many programs in Texas available for home-buyers. That's why the Texas Association of REALTORS® created TxHomePrograms.org, a searchable online database of homebuyer-assistance programs.

You can find programs, such as downpayment assistance and below-market interest rates, available only in Texas. Many, though not all, of the programs depend on household income and whether the consumer has owned a home in the last three years. TxHomePrograms.org also has a glossary of real estate terms, outlines the homebuying process, and provides information on issues that affect many first-time buyers, such as predatory lending and credit repair.

And this summer, look for more housing initiatives, thanks to NAR's Ira Gribin workforce housing program. Texas REALTORS® University will roll out classes on the ever-changing FHA rules, manufactured housing, TxHomePrograms.org, and more.