Any ideas on grants and/or mortgage loans for single mothers in Texas?

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    Just say no!
    April 29, 2011 at 10:53 pm

    I’m a single mom and I did an FHA loan in Texas which allowed me to put down 3%–now 3.5%.

    I purchased new construction and the builder paid a lot of the fees and paid $ to buy down my rate to 5.375.

    If you have some money saved for the down payment plus other moving expenses you should consider an FHA–as it won’t wipe out your savings.

    Check with new builders to see what incentives they are offering. Initially I didn’t think I could afford new construction BUT the interest rate I got made it better for me to go new and get a lower rate than pre-owned.

    Good Luck!

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