Bond 77 and the Texas Housing Trust Fund (THTF) might help you get an even lower interest rate if you are a first time home buyer in today’s market. However, you do not have to be a first time home owner if you are a Veteran. First time home buyer’s may qualify for a special interest rate when they combine these two Texas Homebuyer’s Assistance Programs. The THTF is a zero percent interest loan (as a second lien) paid over 5-10 years. The first payment can be deferred up to 5 years from closing if needed. It is available on a first come, first served basis. There are restrictions on income and purchase price. With these programs, you may be able to get up to $10K for down payment and/or closing cost assistance when purchasing a residential home. For more information about the Texas Housing Trust Fund Homebuyer’s Assistance Program, please call RREA today at 281.288.3500 to talk with our in house lender, Terry Traylor.