What is Southeast Texas' Housing Financing Corporation?
Grace HelbigWhat is Southeast Texas' Housing Financing Corporation?
The Southeast Texas Housing Financing Corporation (SETHFC) is a non-profit organization that provideshousing assistanceto low- and moderate-income families. SETHFC offers a variety of programs that help families purchase their own homes, including down payment assistance, closing cost assistance, and mortgage credit certificates.
SETHFC's Down Payment Assistance Program
SETHFC's Down Payment Assistance Program provides up to 5% of the loan amount to eligible families to use towards their down payment and closing costs. The program is available to families who are purchasing a home in one of the eligible counties in Southeast Texas.
SETHFC's Mortgage Credit Certificate Program
SETHFC's Mortgage Credit Certificate (MCC) Program provides eligible families with a tax credit of up to $2,000 per year for the life of their mortgage. The program is available to families who are purchasing a home in one of the eligible counties in Southeast Texas.
SETHFC's Homeownership Across Texas Program
SETHFC's Homeownership Across Texas (HAT) Program provides eligible families with up to $2,500 in down payment and closing cost assistance. The program is available to families who are purchasing a home in one of the eligible counties in Southeast Texas.
Investing in Southeast Texas Real Estate
Investing in real estate in Southeast Texas can be a wise choice for investors looking for affordable properties with good potential for appreciation. With the help of SETHFC's programs, families in Southeast Texas are able to purchase homes that they may not have been able to afford otherwise, increasing the demand for housing in the area. This increased demand can lead to higher property values and rental rates, making Southeast Texas an attractive market for real estate investors.
In conclusion, the Southeast Texas Housing Financing Corporation offers a variety of programs to help families purchase their own homes in the area. These programs not only benefit families, but can also make Southeast Texas an attractive market for real estate investors.
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