FHA HART Loan

HART, an abbreviation for the Housing Action Resource Trust is a California 501 (c) (3) non-profit housing and community development company helping various communities around the U.S. The HART program delivers down payment assistance to individuals. It provides payment assistance with:

Up to $15,000 to the borrower for down payment and closing cost

No repayment required

The homeowner is required to have at least 1% of the estimated sales prices on the property being to purchase anywhere from 1 to 4 housing units. Undertaking pre-purchase counseling is mandatory.

The HART requires the participation or cooperation of the seller. This is a similar requirement with most other down payment assistance programs. The HART makes use of FHA loan financing. Learn more about FHA loans, including the Texas FHA Loans program and how you qualify.