Housing Authority of the City of Brownsville (HACB) Homeownership Voucher Program
Housing Authority of the City of Brownsville (HACB) Homeownership Voucher Program
Program Category
Additional Options
Max Amount
N/A
Contact Info
Cesar Barrera, FSS Coordinator - 956-214-1525
cbarrera@hacb.us
Magda Fernandez, FSS Coordinator - 956-214-1526
cbarrera@hacb.us
Magda Fernandez, FSS Coordinator - 956-214-1526
Program Details
Buyer contribution type
%P
Income calc method
First mortgage types
Freddie Mac,Fannie Mae,FHA 203(b),VA
First mortgage terms
Fully Amortizing,Fixed Rate,15-year,20-year,25-year,30-year
Property types
Single Family Detached, Condo
Repayment triggers
Limitations
Property must be a single family residence
Must be a current participant of the 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.
Buyer must be a first-time home buyer.
Must be a current participant of the 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.
Buyer must be a first-time home buyer.
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