Fannie Mae – Home Buying Process
Fannie Mae is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets. Home Buying Process guide on their website offers valuable information about buying a home. This website also provides important information for home owners.
Freddie Mac – Home Buyer Education
Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
Federal Reserve Board Consumer Information
The Federal Reserve Board maintains a web page with consumer information, including a section on home mortgages. The section covers topics such as finding the best mortgage and understanding ARMs.
U. S. Department of Housing and Urban Development – Buying a Home
U. S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower’s rights, tips and tricks for shopping for a loan, and details about different home buying programs including FHA loan programs and other special programs.
Texas Home Buyer Counselors
Texans in need of home buyer education/credit counseling assistance can get a list of certified providers in their area of the state using Help for Texans.
A home buyer education course is required by all TDHCA home-ownership programs. The requirement can be satisfied through completion of a course provided by a HUD-approved, non-profit organization or government entity, a HUD-approved online course, or the free on-line course available through TDHCA’s.
Texas Down Payment Assistance
Need help buying a home? You may qualify for one of these statewide & regional programs:
- Texas Department of Housing & Community Affairs – Home buyer programs, including down payment and closing cost assistance
- U.S. Department of Agriculture Rural Housing – Home buyer programs in rural communities
- Veterans Land Board Housing Assistance Program – Helps eligible Texas veterans purchase a home
- Texas State Affordable Housing Corporation – Home buyer programs, including down payment and mortgage assistance
- City of Fort Worth – Home buyer programs including down payment assistance and mortgage payments