Down Payment Assistance

Home Mortgage Loan Special Programs

There are several programs available for homes located anywhere in Texas that provide funds for down payment and/or closing costs. This assistance comes in the form of grants which do not have to be repaid and/or second liens which must be paid in full when the home is sold or refinanced. The interest rates are fixed for 30 years. These programs have restrictions based on your family income, family size and the County you are purchasing in. Not all of the programs require that you be a first time homebuyer.

HEROES/EDUCATORS

Home Loan Programs provide a FHA loan to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance, up to 5% of the mortgage loan amount, in the form of a grant.

To be eligible for this program, a homebuyer must be of a specific group:

  • Homes for Texas Heroes: A full-time paid fire fighter, peace officer, corrections officer, juvenile corrections officer, county jailer, EMS personnel, or public security officer
  • Professional Educator: A full-time Texas classroom teacher, teacher’s aide, school librarian, school nurse, school counselor, or an allied health or nursing faculty member

CURRENT, PREVIOUS, OR FIRST TIME HOMEBUYER(S)

There are home loan programs available that offer competitive interest rates to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance in amounts ranging from 4% to 5% of the mortgage loan in the form of either a second lien or a grant. Eligible borrower(s) must meet the programs income limits and guidelines.

MORTGAGE CREDIT CERTIFICATE (MCC)

With an MCC, the qualified homebuyer is eligible to take a portion of the annual interest paid on the mortgage as a special tax credit, up to $2,000, each year that they occupy the home as their principal residence. An MCC has the potential of saving the homebuyer thousands of dollars over the life of the loan.

The program is open to those individuals and families who:

  • Meet income and home purchase requirements
  • Have not owned a home as a primary residence in the past three years
  • Meet the qualifying requirements of the mortgage loan
  • Will use the home as their principal/primary residence

The MCC is a non-refundable tax credit, therefore, the Homebuyer MUST have a tax liability in order to take advantage of the tax credit.

For more information on special programs, please contact your Premier Nationwide Lending Home Mortgage Loan Expert.

* Loan programs are subject to credit and property approval. Other guidelines may apply.

Residential Mortgage Loan Originators

As a dedicated mortgage professional, I will be there for you every step of the home buying process. From selecting the right home loan product that suits your life stage and financial means, to providing real-time loan status and communication between you, your real estate agent, the title company and my office, to being able to answer all of your questions during the life of your mortgage, I am committed to making you feel you are my #1 priority!

Exceptional client service makes a difference! During my career, two key driving forces have consistently produced exceptional client experiences: hard work and always doing the right thing. Clients appreciate when you exceed expectations and doing the right thing always wins in the long run. In addition to those two main components, is an understanding that trust is earned and a deep level of industry knowledge is crucial to the foundation of how my business operates. I am proud of the many client Testimonials I have received throughout my career.


Loan Center

Checklist

What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.

Calculator

Wondering how much you can finance?

Testimonials

Melanie is the “best”. She is great to work with and always goes above and beyond in assisting her customers. She is smart, aggressive, tenacious, prompt and always with a smile.

Kaye M. - Turner Realty Co., Inc.

Melanie Brown has been helping my buyers obtain loans for the past 10 years and beyond. She gives each buyer the same professional attention no matter how large or small the loan, and works hard to overcome objections. It’s always a pleasure to work with Melanie because of the assurance of follow through and attention to detail.

Ann B., Broker/Manager - Re/Max Excel, LLC

As a real estate agent, a mortgage broker with Mel’s experience is absolutely priceless. She is my best resource for all of my customers looking to finance a home. All buyers praise her for being so competent and easy to work with, especially the buyer who needs counseling and direction in order to help them qualify for a home loan. You just cannot go wrong with her combination of dedication and appreciation for her clients.

Jessica R., Sales Assoc. - The Williamson Group Realty, Inc.

I can’t express enough how diligent and prompt Melanie is. She is very accessible and her communication is to notch. Melanie goes above and beyond for her colleagues and customers.

Michelle W. - The Williamson Group Realty, Inc.

Melanie brown was excellent, the process was excellent and my experience was outstanding with my mortgage.

Penny K.

This is to thank Melanie for the fabulous service she has given my various clients in their search for a home loan. I have sent Melanie quite a few buyers that other lenders have just not been able to help. She always follows through, returns phone calls, is extremely knowledgeable about her product, and treats everyone with respect. With the above in mind, I would strongly recommend anyone looking for a great mortgage broker contact Melanie - she is the Best!

Jeanne W., REALTOR® - Century 21 Compton Realty

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