made available annually through FHLB Dallas

— Limited Funding up to $15,000 per homebuyer —

General Guidelines

• First Time Homebuyer Requirement: must not have owned a home in the last 3 years

• Primary residence only

• Income Requirement: 80% or less of the Area Median Household Income

• Funds Qualifications: $500 Borrower Contribution and no cash back at closing

General Program Qualifications

• 5 year Retention agreement: Must sign 5 year retention agreement

• Homebuyer Counseling Course: All borrower(s), prior to closing

• Household Income: Restricted by 80% household AMI; anyone permanently residing in home must be included in income calculation; co-borrower(s) allowed for credit purposes only

• Non-Occupant Co-borrowers: Not allowed to include income from non-occupant co-borrower(s). All occupying borrower(s) must qualify based on income limitations.