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RULE §20.8 Single Family Housing Unit Eligibility Requirements

Published: 2015

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(a) A Single Family Housing Unit to be acquired or
constructed with Department funds must be located in the State of
Texas, and must have good and marketable title at the closing of any
Mortgage Loan.
(b) Real property taxes assessed on an owner-occupied
Single Family Housing Unit must be current (including prior years)
or the Household must be satisfactorily participating in an approved
payment plan with the taxing authority, must qualify for an approved
tax deferral plan or has received a valid exemption from real property
(c) An owner-occupied Single Family Housing Unit must
not be encumbered with any liens which impair the good and marketable
title. The Department will require the owner to be current on any
existing Mortgage Loans or home equity loans prior to assistance.

Source Note: The provisions of this §20.8 adopted to be effective December 6, 2015, 40 TexReg 8639