City of Fort Worth Housing Authority Housing Choice Voucher Homeownership Program

City of Fort Worth Housing Authority Housing Choice Voucher Homeownership Program

Program Category

Additional Options

Max Amount

N/A

Contact Info

Deana Broussard
817-333-3653 dbroussard@fwhs.org

Program Details

Buyer contribution type

%P

Income calc method

Compliance Income

First mortgage types

FHA 203(b),VA,USDA / RD

First mortgage terms

Fully Amortizing,Fixed Rate,15-year,20-year,25-year,30-year

Property types

Single Family Detached, Condo, Townhome/PUD, Manufactured Home

Repayment triggers

Loan Forgiveness

No

Program Guide

Overview:
https://www.fwhs.org/homeownership/

Limitations

Eligible Property Types: Single Family units, including Condo (can be Existing or New Construction)

Must be a voucher holder for a minimum of (1) one year and have (7) seven months of rental history and must be in good standing with your current landlord and in full compliance with all voucher program requirements.

Must have continuous employment for (1) one year.

Must have at least $16,000 in annual earned income-wages and/or self-employment income annually.

Buyer must be a first-time home buyer.