Debbie Bailey-Glenn, a Senior Loan Officer at Mission Mortgage, was recognized by the Texas Department of Housing and Community Affairs (TDHCA) as “Lender of the Year” for the 4th Quarter of 2018 for the Central Texas area.
“Debbie is well-known in our office and in the community for her dedication to helping first-time homebuyers,” said Mission Mortgage President Leigh Ann McCoy. “We’re proud to have her on our team, and we support her work to help homebuyers find their piece of the American Dream.”
The state-sponsored Texas First Time Homebuyer program offers qualifying households the ability to purchase a home with mortgage rates typically unmatched anywhere in the state, bringing homeownership within reach for many Texas families. Loans are available through a network of lending institutions across the state.
Senior Business Development Officer Sue Nance said, “The TDHCA appreciates Debbie’s continued efforts in using our TDHCA Homeownership Programs!”
The Texas Department of Housing and Community Affairs acknowledges of the important role that private lenders and loan officers play in helping to increase housing choices and ownership opportunities for low to moderate income Texans.
For more information about Debbie Bailey-Glenn, or the state’s homebuyer assistance programs please call Mission Mortgage at (512) 328-0400.
Texas First Time Homebuyer Program
The Texas First Time Homebuyer Program provides 30-year, fixed-interest rate mortgage loans at competitive rates for qualifying borrowers purchasing a home of their own. Loans are available through a statewide network of participating lenders and may feature down payment and closing cost assistance.
Texas Mortgage Credit Certificate Program
The Texas Mortgage Credit Certificate Program allows qualifying buyers to claim a tax credit on a portion of the mortgage interest paid annually, on a dollar for dollar basis against their federal tax liability, up to $2,000 per year. Credit certificates are available through a statewide network of participating lenders.
HOMEbuyer Assistance Program
The HOME Investment Partnerships (HOME) Program awards funds for down payment and closing cost assistance primarily to rural cities, counties, and nonprofit organizations. These entities then provide financing to qualifying low income residents purchasing a home in the community served.
Texas Bootstrap Loan Program
The Texas Bootstrap Loan Program provides self-help funds to certified nonprofit organizations that finance qualifying low income households willing to build or rehabilitate their own home through “sweat equity.” Two-thirds of the funds must be allocated to specific census tracts with a median household income less than 75 percent of the median state household income, while the balance may be awarded statewide.