Beginning Monday, December 2nd,
TSAHC will offer 3%, 4%, and 5% three-year deferred forgivable 2nd Lien Down Payment Assistance (DPA) options
. These will offer a lower interest rate on the first lien than our grant options and will be available on FHA, VA, USDA and Conventional loans.
At the same time, TSAHC will begin
accepting Freddie Mac's HFA Advantage conventional loans
for all AMFI borrowers. Fannie Mae's HFA Preferred conventional loans will now only be available to borrowers at or below 80% AMFI.
The above options will replace the current Conventional Grant and Repayable 2nd Lien options. Please note that the last day for reservations for the Conventional Grant and Repayable 2nd Lien products will be
Friday, November 29th
Below is the new product suite starting