I’ve heard that only homes in economically distressed areas qualify under these state programs. Is that true?
The property does not have to be in an economically distressed area (targeted area). Any new or existing home in the state of Texas that does not exceed the maximum purchase price limits is eligible. However, maximum home purchase price limits are higher if the home is purchased in a targeted area, including some rural areas. Your lender can help you determine if you and your home qualify.
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