Do you meet these criteria?

• Have a Full time independent school district job in Texas?
• Are you a classroom teacher or teacher's aide?
• Are you a school librarian, school nurse, or school counselor?

There is a new Texas program for you - First Come, First Served.

This grant money is available to qualified Educators in addition to the $8,000 IRS Tax Credit for homes under contract by April 30th.

Grant Requirements:

• Income and home purchase price limits apply

• You must meet standard mortgage underwriting requirements as credit worthy
• The house you are buying must be your primary residence
• FHA Loans Only

This program will give you a grant of 3% of your total loan amount. It can be used as a part your down payment.  The grant does not have to be repaid.

Example:

For a $100,000 loan:

The grant would be $3000.  If used toward your down payment requirement of 3.5% or $3,500, you would only need $500 for your portion of the down payment.

Global Lending Solutions is here to help you with a mortgage for your dream home and show you how to use this program for Educators to your advantage.