Downpayment Assistance Program
Steps
In order to be considered for the
Downpayment Assistance Program (DAP),
the following steps need to be followed in this order:
·
First,
obtain your First Time Homebuyers Education
Certificate from one of the HUD approved providers.
For a list of approved education providers,
on the left sidebar.
The First Time Homebuyers Education Certificate
program is a federally mandated step, so that the
first time buyer understands the full scope of buying
a house, starting with the business process to the
ongoing costs associated with staying in and
maintaining a house.
·
Second,
click on the link "APPLICATION" for a Harris County
CEDD
approved mortgage lenders, that has completed
the special DAP program training. For you to be
considered for the DAP program, the lender you select
must be on an approved list.
·
Third,
ask our representative to pre-approve you for a
mortgage. You need to find out if you have the
potential to qualify for a loan.
·
Fourth,
begin to coordinate the required information, which
includes:
1.
six months of bank statements;
2.
three years of income tax returns;
3.
two months pay stubs and any other supportive income
information, such as child support;
4.
birth certificates on everyone that will be residing
in the home; and
5.
marriage certificates or divorce papers.
Depending on your situation there could be other
information you will need to supply to
Harris County, but that will be determined before or
during your interview with a Harris County loan
underwriter.
·
Finally,
start looking for a house with a maximum sales price
of $115,000.
Remember, Harris County Downpayment Assistance
Program, look for a home within
Harris County's service area.
Check the "COUNTY ZIP CODE MAP"
to make sure that your dream house is in
Harris
County (on the left sidebar).
For affordable builders and properties in Harris
County, go to "AFFORDABLE
HOUSING" the left sidebar.
For the downpayment assistance program for
cities outside of Harris County, click on
"OTHER COUNTIES" on the
left sidebar.
As soon as all your materials are together, and Harris
County has received your loan application from the
mortgage lender, a DAP representative from the
county's lending services will call you for an
interview.
CALL OR EMAIL US FOR
ELIGIBILITY REQUIREMENTS.
Beware there maybe Program changes.
EDWARD
WILLIAMS MORTGAGE, LLC EDWARD
WILLIAMS MORTGAGE NW
Tel. 281-531-7962, fax. 281-531-7965
Tel. 281-290-0539. fax. 281-290-6965
INFO@EDWARDWILLIAMSMORTGAGE.COM
EWMORTGAGENW@EDWARDWILLIAMSMORTGAGE.COM
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