Texoma Council of Governments (TCOG) Family Self-Sufficiency (FSS) and Homeownership Program (HCV)
Texoma Council of Governments (TCOG) Family Self-Sufficiency (FSS) and Homeownership Program (HCV)
Program Category
Additional Options
Max Amount
N/A
Contact Info
Sofia 903-893-2161 ext 3535 tcog@texoma.cog.tx.us
Program Details
Buyer contribution type
Income calc method
Compliance Income
First mortgage types
FHA 203(b),VA
First mortgage terms
Fully Amortizing,Fixed Rate,30-year
Property types
Single Family Detached
Repayment triggers
Limitations
Property must be a single family residence.
Must be a current participant of the Section 8 Housing Choice Voucher Program or a current voucher holder and must be in good standing with the agency and have no outstanding debts.
Must have a minimum gross annual income that equals the Federal minimum hourly wage times 2000 hours (except in the case of an elderly or disabled family, welfare assistance is not counted in determining whether the family meets the minimum income requirement).
Must have at least one adult family member, who will purchase the property, employed at least thirty (30) hours per week, and has been working thirty (30) hours per week for the past twelve (12) months.
Must be a current participant of the Section 8 Housing Choice Voucher Program or a current voucher holder and must be in good standing with the agency and have no outstanding debts.
Must have a minimum gross annual income that equals the Federal minimum hourly wage times 2000 hours (except in the case of an elderly or disabled family, welfare assistance is not counted in determining whether the family meets the minimum income requirement).
Must have at least one adult family member, who will purchase the property, employed at least thirty (30) hours per week, and has been working thirty (30) hours per week for the past twelve (12) months.
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