Properties must be located in Tarrant County (excludes Grand Prairie, Southlake, Grapevine, and Keller)
◊ First come, first served reservation process: scan and email the completed 1003 and first page of the contract to: jenny@jennyloans.com
◊ 2010 Tax returns will be required when available
◊ FHA loans only: cannot be combined with TX Vet or MCC Program
◊ Owner Occupied
◊ 4.70% fixed rate, 30 year loan program provides 3.0% of the total loan amount as a gift to be used towards down payment or closing costs (called bond premium proceeds). Example: $100,000 loan receives a $3000 gift ◊ 1 discount plus 1 origination fee ◊ Sales price limit $243,945
◊ Income tax recapture provisions apply
◊ Income of all applicants count towards income limit: includes non-purchasing spouse
◊ Target area census tracts have different guidelines
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