HHFC bond program flyer

This program can be combined with teh City Down Payment Assistance program.  However, the two lists of  approved lenders only have Bank of America and Cornerstone in common.

Only the newly approved lenders can bring files to DHCD of Houston

FYI






Subject: Downpayment Assistance Program ALP List



DEAR AFFORDABLE LENDING PARTNER:







AS OF SEPTEMBER 30, 2010, THE CURRENT ALP LIST WILL BE DISCONTINUED



AND YOUR ORGANIZATION WILL NO LONGER BE ABLE TO SUBMIT HOMEBUYER FILES



TO THE DOWNPAYMENT ASSISTANCE PROGRAM.







THE DEPARTMENT IS IN THE PROCESS OF DEVELOPING A NEW LENDER'S LIST



AND ONLY THOSE LENDERS WILL BE ALLOWED TO SUBMIT GRANT FILES.







HOWEVER, THE DEPARTMENT INTENDS TO OFFER A NEW LENDER RFQ FOR THE



DOWNPAYMENT ASSISTANCE PROGRAM ON OR ABOUT OCTOBER 1, 2010.



YOUR ORGANIZATION MAY REPLY/RESPOND TO THE NEW LENDER RFQ IN ORDER



TO POTENTIALLY BE ADDED TO THE LENDER'S LIST IN THE FUTURE.



ONCE RELEASED, THE RFQ WILL BE POSTED ON OUR WEBSITE AT www.houstonhousing.org .







THANK YOU







Cesar Verde



Downpayment Assistance Programs



601 Sawyer, Suite 400



Houston, TX 77007



(713) 865-4290 Office



(713) 868-8379 Fax



Cesar.Verde@houstontx.gov

HHFC bond memo

Great new HHFC bond rate

The Houston Housing Finance Corporation just announced an extension of its bond program and a lowering of their 30 years fixed rate to 3.85%.
This brings the total monthly payment on a Carlton down to $610.00 when combined with the City of Houston/Ike down payment assistance.