Central Texas HFC

Lender Portal

Working Group Portal

2009 SF MRB Program

PROGRAM FUNDS $15,000,000
ELIGIBLE AREAS Bell, Coryell, Hamilton, Lampasas, Milam, Mills, and San Saba counties.
ELIGIBILITY CRITERIA - First-time Homebuyers
- Borrower(s) & Spouses, occupant or non-occupant
- Must be able to permanently reside in the U.S.
- Principal residence
- Borrower(s) must occupy property within 60 days of closing
- IRS filed returns for past 3 yrs – all borrower(s) & spouses
ELIGIBLE LOAN TYPES FHA, VA, USDA-RD, Conventional (with U S BANK approval)
AVAILABLE DOWN PAYMENT ASSISTANCE Assistance payment equal to 4% of the note amount to apply toward down payment or closing costs. Cash back is not allowed.
INCOME LIMIT CRITERIA Household income is considered for ALL Borrower(s), spouses and anyone 18 years or older.
HOME ACQUISITION LIMITS -  Non-Targeted = $243,945
-  Targeted = $298,155
HOME BUYER EDUCATION Not Required
FICO SCORE REQUIREMENT Mid score must be 600 or higher
CO-SIGNERS Cosigners are permitted for FHA loans under very specific conditions.
LOAN TIME LINE REQUIREMENTS - Reservation to UW Cert: 45 days
- Reservation to Close and Delivery: 85 days
- Reservation to Loan Purchase: 110 days
LENDER PARTICIPATION Contact an eHousingPlus representative for additional information.
FORMS AND DOCUMENTATION View Forms and Documentation.
OTHER For additional information, please See Program Guidelines.

Current Rates

  • 3.40% – Assistance Rate Loan
  • 4.00% – Assistance Grant
  • Term: 30 Year Amortizing

DPA

  • Assisted rate includes 4% of final loan amount
Program Updates

- Low Rate Loan is no longer available in this program.

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