Home Buying in Garland>Question Details

Samvasquez83, Home Buyer in Garland, TX

does anybody know the name of the program the city of garland has for first time buyers?

Asked by Samvasquez83, Garland, TX Wed Aug 22, 2012

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Here is the link:

http://www.ci.garland.tx.us/gov/hk/hcs/assistance.asp

And here are the Eligibility Requirements:
Must not have owned a home within the past three years at application.
Must be below 80% of HUD's median income guidelines.
Must purchase a home in the Garland City Limits.
Must be able to qualify for a first mortgage with a private lender.
More Information can be found on HUD Median Family Income Guidelines.
1 vote Thank Flag Link Thu Aug 23, 2012
Garland First Time Home Buyer's Down Payment Assistance Program
0 votes Thank Flag Link Thu Mar 20, 2014
I am a home owner in Garland and have no debts and perfect credit and this program actually cost me more than I would have payed if I had merely bought the home myself. The delays on inspections, arbitrary unwritten rules, and costly extensions with mortgage companies for even the most up to date house are rediculous to say the least. A burned out oven light will fail the entire home and it might take 2 weeks to get them to inspect it again.

UNWRITTEN RULE: You must qualify for the housing money as if it is another loan in ADDITION to the one you already have. Several people including myself were informed of this more than a month after we were approved and both of us were declined the day before our closing on the house. Thankfully, I qualified without the city help because they are less willing ot invest in their comnmunity than mortgage companies are. It put an unnecesary hardship on me because I was forced to do an FHA loan instead of a traditional loan to meet their requirements. Then they declined to provide the funding.

I would reccomend living in Garland but would avoid this program like wildfire. It cost me 1,700 more just waiting on them and I never saw the 10,000 assistance. It's a carrot on a stick and the Housing department was nothing but rude while I had to deal with them.
0 votes Thank Flag Link Wed Jan 9, 2013
Just so you know, the Area Median Family Income (AMFI) that Garland uses to determine eligibility is as follows:
Household in Persons / 80% of AMFI
1 $38,750
2 $44,250
3 $49,800
4 $55,300
5 $59,750

AMFI varies over time and you should check with Housing to get the current figures.

Please note that First-Time buyer assistance funds come and go. They are not always available.
Also note that family size in persons excludes undocumented aliens per Federal law, but DOES count their income for qualifying purposes. This may sound backwards to count the income but not allow the size to increase, but it is outlined in http://www.ci.garland.tx.us/civicax/filebank/blobdload.aspx?… which you'll want to read.
0 votes Thank Flag Link Sun Aug 26, 2012
This is a good program but the income limits with good credit is the biggest hurdle to get past. Finding homes in Garland priced under $100,000 is also a challenge right now so working on your financing is step one so you are ready when the right home comes on the market. If you would like the name of an agent who lives in Garland and that can help you with this and other programs please let me know.

Best of luck in your home search.

Bruce Erickson
Cell 214-213-6382
0 votes Thank Flag Link Thu Aug 23, 2012
Its called the Neighborhood Stabilization Program, You have meet certain requirements to apply, and the financing comes directly from City of Garland. If you would like more information please let me know and I can send you a the detailed information.


Yuri Barrera
Ultima Real Estate
972-276-0704
http://www.barrerarg.net
0 votes Thank Flag Link Thu Aug 23, 2012
THANK YOU YURI THATS THE PROGRAM I WAS LOOKING FOR.
Flag Thu Aug 23, 2012
A Google search of "Garland Texas First Time Home Buyer" brings this information up.

http://www.ci.garland.tx.us/gov/hk/hcs/assistance.asp

Are you interested in finding a home in Garland? Give me a call and lets get the process started! I used to live off of Oates Rd., so I'm very familiar with the area.

Joe Stone
Exclusive Homes Realty
http://www.exclusivehomes-tx.com/
682-777-0836

Please LIKE me on Facebook
http://www.facebook.com/ExclusiveHomesRealty
0 votes Thank Flag Link Wed Aug 22, 2012
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