New Home Tax Credit Texas Refinance Rules New Mortgage Programs  · A new loan program requires just 3 percent down and no mortgage insurance. The “Affordable Loan Solution” mortgage is a new loan program from Bank of America that is intended to be a less expensive option than the popular FHA-backed changes the rules for existing contracts for deed, too. Application of New Law The new rules apply only to transactions using a contract for deed to purchase residential property (lots of one acre or less are presumed to be residential). Not covered are land sales by the State of Texas, by the Texas Veteran’s Land Board (VLB)

Categories: TSAHC MCC

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