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1. Who is eligible for NCTHFC programs?

NCTHFC's mission is to increase access to, and availability of, safe, decent, and affordable housing. NCTHFC does this by removing barriers that face individuals in their search for housing in order to provide a better quality of life. For the requirements for our single family bond programs, click here and mortgage credit certificate programs, click here.

2. What is NCTHFC's Eligible Loan Area?

The NCTHFC serves the Counties of Ellis, Hunt, Kaufman, Navarro and Rockwall Counties, and consisting the Cities of Cedar Hill, DeSoto, Duncanville, Lancaster and Waxahachie. Please click here for a map of the areas served.

If interested in purchasing a home in an area not listed above, please call 214-953-4176 or email.

3. Is there a residency requirement for program participation?

The NCTHFC programs do not require a buyer to have lived in Texas for a certain period of time; however, the home to be purchased must be located in the Eligible Loan Area and used as the primary residence of the home buyer.

4. What is the definition of a first time home buyer?

A first-time home buyer is an individual or family that has not owned or had an ownership interest in any residence during the last three years as their principal residence.

5. What is meant by primary, or principal, residence?

The primary residence is the home in which you intend to live on a permanent basis.

6. I've heard that only homes in economically distressed areas qualify under these programs. Is that true?

The property does not have to be in an economically distressed area. Any new or existing home in the Eligible Loan Area that does not exceed the maximum purchase price limits is eligible. Your Participating Lender can help you determine if you and your home qualify.

7. How do I apply for a mortgage loan under the programs?

Eligible borrowers need to contact one of the Participating Lenders to assist with the application and qualifying process.

8. Can I buy a second home using this financing?

No, this program is restricted to those persons who have not owned a home in the past three years as their principal residence. Additionally, to qualify for purchase under this program, the home must be your primary residence. Therefore, vacation homes would not qualify under this program.

9. In the event I sell the home, do I have to pay back any portion of the grant?

The only time you might have to pay back a portion of the assistance, would be if you sell the home within nine years of buying the home. This is called recapture tax.

Recapture tax is owed only when ALL three of the following events occur:

• You sell your home within nine years


• Earning significantly more income than when you bought the home, and


• Have a gain from the sale of your home.

Recapture tax is a federal tax that a borrower may be required to pay from the net profit they receive from the sale of their home. If they have to pay recapture tax, it would be due when they file their federal income tax for the year in which they sell their home. The maximum recapture tax is 6.25% of the original principal balance of the loan or 50% of the gain on the sale of the home, whichever is less. For more information read Visit "Reality and Recapture"and "Recapture Tax Frequently Asked Questions"/a>.