Straight from Austin, Texas has announced a homebuyer initative targeting veterans. The funding was announced Tuesday by Gov. Rick Perry and the Texas Department of Housing and Community Affairs.
The state is releasing $30 million in mortgage credit certificate authority through its Texas Mortgage Credit Program.
The first-time homebuyer status requirement is waived for qualifying veterns who have received an honorable discharge.
The program makes home ownership more affordable by providing a dollar-for-dollar reduction of a borrower's tax liability, not to exceed $2,000 annually. There are some other restrictions.
Are you a Vet? Do you know a Vet that could use this program? Give me a call 214.316.0404. As a Navy man, I'd love to help another Vet.
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