Houston,TX DownPayment assistance

Home Forums Purchase Program Houston,TX DownPayment assistance

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    Has anyone used NACA and the City of Houston down payment assistance or Harris County down payment assistance or any of the state programs?


    Hello finitua,

    Your MC should be able to tell you specifically, but nearly all down payment assistance programs can work with the NACA program.

    Tim Trumble
    Online Operations, NACA


    Is the NACA Program and the Mortgage Credit Certificate Program comparable? Meaning, if you complete NACA and are qualified, do you need to complete the Mortgage Credit Certificate Program also?


    Hello ulewis67,

    The answer is no, you do not you need to complete the Mortgage Credit Certificate Program.

    Rick Herrera

    • This reply was modified 5 years, 3 months ago by Rherrera1.

    I’ve mentioned several times to my Loan Officer and he doesn’t seem very knowledgeable about additional assistance or the programs through Bank of America. I signed a contract yesterday and I have my inspection tomorrow. The home purchase price is $154,490. I want to buy my interest rate down and or do the 15 year program. I have no idea what I should do or which way to go. Can I use the Down payment assistance to buy down my interest rate and or use it in conjunction with the 15 year program?


    The programs will not let you use their funds to buy down the interest rate. The programs only assit with down payment, closing costs and or prepaids (appraisal title etc). The MCC program is only good if you will end up owing taxes at the end of the year. So if you do not owe any taxes it does not help you. If you buy down the interest rate it the MCC is really not a benefit to you either. The MCC gives you a max of 2000 per year if you have not even paid that much in interest it will not help you. Since you can not post your email address on this forum if you send it to Tim Trumble he can send it to me and I can forward you the information that I recieved about how the program works in detail


    I would really love to know if finitua was able to use the program. Is it a way for me to message her? I’m in Houston, Tx and need more information on actual down payment assistance programs. My MC nor realtor whom is with Naca has no experience in actually getting one.


    I’m in Fort Worth, TX and if this has worked for anyone I would like some info as well, please.

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