Texas Lenders Generate $200M in Affordable Mortgages

Published March 01, 2013, 3:26 p.m. EST

Updated March 01, 2013, 4:06 p.m. EST

1 Min Read

In partnership with the Texas Affordable Housing Corp., mortgage lenders originated over $200 million in loans for low- and moderate-income families in 2012.

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The Texas Affordable Housing Corp. provides borrowers with the option to use downpayment assistance grants and benefit from a federal tax credit upon purchase.

This assistance helped in the origination of 1,738 low-interest, fixed-rate mortgages last year.

The top three participants in the program were Cornerstone Mortgage Co. with $47.7 million in originations, DHI Mortgage Co. Ltd. with $19.1 million and NTFN Inc. dba Premier Nationwide Lending with $16.6 million.

Amilda Dymi

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