First Step Homes Financing

Your First Step to a First Step Home

At First Step Homes, we’re committed to making your loan process simple and easy to understand. That’s why we offer in-house financing options for your convenience and peace of mind.

What you need to Buy a Home

Minimum qualifying standards to apply
  • Valid photo ID (Passport, State Issued ID, DL, Matricular Card, etc)
  • SSN or ITIN
  • Verifiable Income
  • Desire to gain equity through home ownership

Financing Options

  • Zippy
  • Tammac
  • In-House Financing

In-House Financing Features

  • Fixed Rate 
  • No prepayment penalty
  • No minimum Credit Score
  • No hidden fees

In-House Financing Closing Process

  • Salesperson shows the home to the buyer(s)
  • Community application is submitted with supporting documentation
  • Prospect is approved by the community level and undergoes underwriting for ability to repay
  • Application is submitted to The Mortgage House, NMLS Registered Mortgage Broker
  • The mortgage broker communicates with buyer(s) via email and provides ALL required federal disclosures within time parameters.
    • We provide a lender credit to cover the applicant’s cost in full at closing. Buyer(s) are only responsible for the Down Payment, Credit Report Fees, and TDHCA title processing.
  • TMH Closing documents are combined with the TDHCA Compliance Checklist and disclosures and delivered to the Salesperson
  • Salesperson completes the closing and a final walk through. The park manager helps execute the community lease agreement and welcomes residents into their home.
  • 3 business days later (includes Saturdays and excludes Sundays and Federal Holidays) park manager provides the buyer(s) with their keys.
Units Starting around $85K.

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