Texas Couple Describe How $15,000 Down Payment Grant Made Home Buying Possible

Joshua and Emily Robbins had their lives changed by a $15,000 down payment grant provided by the NeighborhoodLIFT program, which has received $6 million from Wells Fargo to help Texas first time home buyers enter the world of property ownership.

The San Antonio Express-News reports:

Joshua and Emily Robbins debated whether to attend an event last month at the Convention Center at which prospective home buyers could try to qualify for a $15,000 grant to use as a down payment on a house.

Joshua Robbins is glad they went. The University of Incarnate Word English professor and his wife, a stay-at-home mom, were among about 170 prospective buyers that got commitments to receive a grant. The couple will use the money to purchase their first home, in Monticello Park, by the end of the month.

“It really has changed our lives,” Joshua Robbins, 35, said of the grant. “There’s no way we could get into a house at this point in our lives without this assistance. We just thought that we would rent for a long time until we got more money set aside.”

The NeighborhoodLIFT program, funded with $6 million from Wells Fargo and administered by Alamo Community Group, was created to boost homeownership. San Antonio is the 32nd market in which the program has been introduced.

It’s one of about a half-dozen local and state programs available to help consumers to afford homes in Bexar County, according to a recent analysis by RealtyTrac and Down Payment Resource. Some of the programs include numerous variables, such as a home’s location, a buyer’s occupation and military history, and whether it’s a first-time purchase.

>> read the full story at expressnews.com


This entry was posted in Down Payment Assistance, First time buyer classes, First time buyer grants, First time buyer programs, Home Buying and tagged , , , , , , . Bookmark the permalink.