Down payment assistance now available to home buyers who haven’t owned a home in the last three years and whose income is less than:
|
Number in Family |
Income Limit |
|
1 |
$56,760 |
|
2 |
64,920 |
|
3 |
72,960 |
|
4 |
81,120 |
|
5 |
87,600 |
|
6 |
94,080 |
We can help a few very low income families with both down payment assistance and a loan.
Now is perhaps the best time in history to buy a home. The combination of reduced home prices, low interest rates, available income tax credits, and other programs that have been provided by the government in the various stimulus packages means a buyer who does not currently own a house can purchase a home with little cash and affordable payments that will not increase in the future.
PLANO HOUSING CORPORATION
Plano Housing Corporation is a non-profit organization that has provide affordable housing and down payment assistance in Collin County, Texas for over fifteen years. PHC provides these services:
· Down payment assistance – We can provide up to $20,000 to help purchase a home. These funds do not have to be repaid as long as the buyer continues to live in the home.
· Very low rate loans – For lower income buyers, we can provide a loan to purchase a house at an interest rate much below the market.
· Purchase and remodel homes for sale to eligible buyers. These homes are completely remodeled with energy saving features and are sold with down payment and other assistance to eligible buyers
P.O. Box 861776
Plano, Texas 75086-1776
director@planohousingcorporation.org
(972) 881-7647
fax (972) 881-7647
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