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Down Payment Assistance Program:

Forgivable Community Second Loan to help buyers with limited funds

Government & Conventional

Are you ready to buy your dream home but still missing enough savings for a down payment? We can help!

PROGRAM UPDATE DUE TO CORONAVIRUS COVID-19: Due to recent pandemic events affecting the stability of our lives, creating uncertainty in our financial markets and thus impacting its liquidity negatively, this program is now suspended and therefore not available.


So, you make the income, can afford the monthly payment, have saved some money, but need help with down payment and closing costs?

You are in the right place. Clear Lending can help you obtain Down Payment Assistance regardless of whether you are a First Time Home Buyer or not!

The Down Payment Assistance Program provides the maximum amount of 6% based on the final loan amount in the form of a forgivable community second loan. Funds can be used toward your down payment and closing costs. Under this program, you would be able to choose amongst a 30-year fixed-rate FHA, VA, USDA, and Conventional mortgage loan, whichever you can qualify. In case you wonder about the mortgage loan you would be getting, there is no pre-payment penalty or federal recapture tax for the mortgage loan.

Please note currently Clear Lending offers this program only in the following counties:

- Harris County
- Fort Bend County
- Brazoria County
- Galveston County
- Montgomery County and,
- Liberty County

Another essential requirement to obtain our Down Payment Assistance Program is that it requires our preferred real estate office from HoustonDesignHomes.com to negotiate the purchase and, thus, the contract of the chosen house.

Our preferred agents are experienced Texas Real Estate Commission Licensed Sales Agents knowledgeable about the entire process. From the home search process to complete purchase contract documents, inspection, and closing, our agents will guide you, giving peace of mind for a successful experience. Once you apply online will provide you with a detailed explanation about the process.

The following are some essential details about the Down Payment Assistance Program:

- No First Time Homebuyer Requirement. Down Payment Assistance applicant can own another property.
- The applicant must be buying a new Primary Residence only.
- Non-Occupant Borrowers are OK.
- Property types can only be 1-4 Single Family Residence, Townhouse/Condo.
- Minimum FICO Score of 600 for the FHA and VA mortgage loans
- Minimum FICO Score of 620 for the USDA and Conventional mortgage loans.
- Maximum Sales Price on FHA Loan: $ 331,760
- Max Sales Price on VA, USDA, and Conventional Loan: $510,400
- Borrowers will need to meet maximum Program Income Limits.
- Complete online Homebuyer Education Class. The class must be completed before you purchase your home.

Do not wait any longer, and let's start the process to buy your dream home and apply for Down Payment Assistance.

If you need more information about Down Payment Assistance Programs in Houston, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online, and we will contact you right away to review the best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.

Customers Reviews:

  • Glenda Alvarez • May 05, 2015

    Joan I really appreciate all the patience you had with us. You gave us hope after we had a bad experience with our bank making sure our loan was first approved before looking for a house. This really brought our hopes up. You made sure houses we went to see met our expectations. Then no matter how late at night or early in the morning you would answer all our calls. Even when we signed the contract on the house you would still keep in touch with us and made sure everything was good. I will be referring you everyone I know and our next home purchase is going to be with you. Thank you so much Joan.

  • Oscar y Yecenia Rangel • January 31, 2014

    Estimado JOAN:

    Por medio de la presente, queremos enfatizar nuestro agradecimiento por tu trabajo, colaboración, profesionalismo y dedicación a nuestra petición de crédito para la compra de nuestra casa, créelo y lo enfatizo que estamos tan agradecidos por tu ayuda. Que dios te llene de bendiciones siempre, y que sigas ayudando a las personas como nosotros, mil gracias.

    Atte. Oscar y Yecenia Rangel.

  • Soraya Guzman • October 04, 2018

    My experience with Joan and the clear lending team has been amazing! Joan helped us greatly, with poor credit and a job loss he was able to get us a loan! He looked out for us when choosing a home he didn’t try to push us to buy a house and always did his research. He explained every step, made sure we understood, and was there at every hour to answer any questions we had. Even after the purchase he has followed up to make sure we have no issues with our home.If you’re looking to buy a house I definitely recommend Joan and the team!

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