Houston Down Payment Assistance Program

But the USDA will guarantee 100 percent of the funding, which means no down payment is necessary and no mortgage insurance is required. The loans must be 30-year, fixed-rate mortgages at market rates..

Down Payment Assistance Program in Houston Houston, well known for its outdoor lifestyle, recreational and cultural activities, is the 4 th largest city in the US. As compared to the other cities of the US, Houston has the widest and broadest economies.

They’ve also lent another staffer $10,000 for a down payment on a condo. The loans are interest. He noted that some Employee Assistance programs include services to counsel staffers who are short.

Other activities have included buying $13MM of Habitat for Humanity mortgages, direct loans to develop residential lots, single room occupancy projects (SRO’s) for housing for the homeless, financing housing for seniors, renovation of the Rice Hotel, managing various down payment assistance programs and emergency home repair programs.