The City of Houston has changed the rules for the participating lenders. If you apply for a loan and hope to receive down payment assistance from the City of Houston, make sure your lender is on the list of the "Approved Lending Partners" revised last April. The list is available on the DAP page of the Department of Housing and Community Development. http://www.houstontx.gov/housing/resource.html You need to click on the small lettered Approved Lending Partners in the text and see the Excel spreadsheet with the list.
However, the lenders on the current list can only submit files until September 30.
After October 1, only the lenders who have been approved in August and followed the required training will be allowed to bring new files to the Department. Ask your lender if his/her employer has submitted the RFQ by August 18, and if they have been accepted. If not, you better chose another lender, one who complied.
If you are a lender, and missed the deadline, please contact the Department and ask what you can do.
As a builder, we will discourage purchasers from applying with lenders who are not on the new list to be published later in September.
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