El Paso Housing Finance Corporation Mortgage Revenue Bond Program
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    El Paso Housing Finance Corporation Mortgage Revenue Bond Program

    Buying a home can be affordable thanks to a special new partnership between the City of El Paso Housing Finance Corporation and local home mortgage lenders. Homebuyers in El Paso now have a chance to own a home of their own with down payment and/or closing cost assistance. Up to 6% of the purchase price! This Homebuyer assistance program is geared for home buyers who have not owned a principal residence in the last 3 years and who meet the income guidelines.

    Interested homebuyers should contact one of the participating mortgage lenders to ask about the Home Buyer Assistance Program and what is required to meet all the guidelines. More information can be found on the Housing Finance Corporation's Website at http://www.elpasotexas.gov/hfc/ or by calling (915) 541-4845.

    Countrywide Home Loans, Inc.
    http://my.countrywide.com/
    9100-H Viscount Blvd.
    El Paso, TX 79925
    (915) 591-1200

    Government Employees Credit Union
    http://www.gecu-ep.org
    7227 Viscount Blvd.
    El Paso, TX 79925
    Mortgage Loan Department (915) 774-6081

    Patriot Mortgage
    http://www.patriotmortgage.info
    9870 Gateway North, Ste. A
    El Paso, TX 79924
    (915) 757-9500

    2006 Program
    Interest Rates
    6.125% (FHA, VA, USDA-RHS)
    6.25% (Conventional)
      Rocky Mountain Mortgage Co.
    http://www.rmmc.com
    2244 Trawood, Suite 100
    El Paso, TX 79935
    (915) 593-3111

    Tri State Mortgage Company
    6090 Surety Dr # 101
    El Paso, TX 79905
    (915) 772-1177

    Verde Mortgage
    http://www.verdemortgage.com
    1790 N. Lee Trevino, Suite 609
    El Paso, TX 79936
    Phone (915) 225-3330

    Maximum Purchase Price Limits Maximum Income Limits
      New and Existing Residences   1-2 Persons 3 or More Persons
    Non-Targeted Areas: $175,000 Non-Targeted Areas: $54,300 $62,445
    Targeted Areas: $200,000 Targeted Areas: $65,160 $76,020


    2005 Program
    Interest Rates:
    5.2% (FHA, VA, USDA-RHS)
    5.325% (Conventional)

    Maximum Purchase Price Limits Maximum Income Limits
      New and Existing Residences   1-2 Persons or More Persons
    Non-Targeted Areas: $156,970 Non-Targeted Areas: $53,000 $60,950
    Targeted Areas: $191,852 Targeted Areas: $63,600 $74,200

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