More Financial Assistance Available for First-Time Home Buyers - KTRE.com | Lufkin and Nacogdoches, Texas

01/07/02 - Lufkin

More Financial Assistance Available for First-Time Home Buyers

The Pineywoods HOME Team, which helps first-time home buyers get into a new home, has received a share of $60.8 million available to the public through loans.

The HOME team says it has a little over $1 million for a 15 county region including Angelina, Polk, Trinity, and Nacogdoches counties.

HOME team directors say there are several reasons why potential home-buyers should take advantage of the loans.

"It allows a first-time home buyer to get into a house at a lower interest rate, and allows them to have a lower mortgage rate per month, and it's just more affordable." explained HOME Team Director Charlotte Bennett.

Bennett says if you're interested in applying for a loan, you need to get your application in quickly. The loans are given on a first-come, first-serve basis.

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