If the grant is awarded, this will be the third year the city will have funds available through this program, Owen said. Homebuying seminars cover advantages and disadvantages of home ownership, budgeting and credit management, pre-qualifying for a loan, the loan application process, types of loans available, shopping for a home, buyer and real estate agent relationship, the closing process, inspection, appraisal, notes, deed of trust, title insurance and maintaining your investment. To apply for assistance, families must be at or below 80 percent of area median income, adjusted for family size. The home purchased must be in the Kilgore city limits, and it must pass a minimum housing quality inspection. It also must come with a one-year warranty.
Potential buyers can use any realtor or lender they choose.
The Web Site contains material which is protected by international copyright and trademark laws. No material may be copied, reproduced, republished, broadcast or distributed in any way or decompiled, except that you may download one copy of the Materials on any single computer for your personal, non-commercial home use only, provided you keep intact all copyright and other proprietary notices. The Kilgore News Herald .