Down payment grants available for local homeowners

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Updated: 6/18/2013 11:14 pm

The South Plains and Lubbock housing finance corporations have partnered to offer down payment assistance grants to home buyers.

The Welcome Home South Plains Home Loan Program  combines a grant totaling 5% of the buyer's loan amount with a 30-year, fixed-rate loan.

To qualify for the program, the home must be located in one of the following counties: Lubbock, Bailey, Cochran, Crosby, Dickens, Floyd, Garza, Hale, Hockley, Lamb, Lynn, Motley, Terry, or Yoakum.

The income used to qualify for the loan must be less than $65,200. The buyer's actual income, however, may be higher than $62,500.

For more information, call Lubbock Housing Finance Corporation at 806-745-9559.

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