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Stacy Lynn Schriever
RMLO NMLS 360310
c: (817) 707-5454

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700 State Highway 121 Bypass , Suite 150
Lewisville, TX 75067
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Down Payment Assistance

Home Mortgage Loan Special Programs

There are several programs available for homes located anywhere in Texas that provide funds for down payment and/or closing costs. This assistance comes in the form of grants which do not have to be repaid and/or second liens which must be paid in full when the home is sold or refinanced. The interest rates are fixed for 30 years. These programs have restrictions based on your family income, family size and the County you are purchasing in. Not all of the programs require that you be a first time homebuyer.

HEROES/EDUCATORS

Home Loan Programs provide a FHA loan to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance, up to 5% of the mortgage loan amount, in the form of a grant.

To be eligible for this program, a homebuyer must be of a specific group:

  • Homes for Texas Heroes: A full-time paid fire fighter, peace officer, corrections officer, juvenile corrections officer, county jailer, EMS personnel, or public security officer
  • Professional Educator: A full-time Texas classroom teacher, teacher’s aide, school librarian, school nurse, school counselor, or an allied health or nursing faculty member

CURRENT, PREVIOUS, OR FIRST TIME HOMEBUYER(S)

There are home loan programs available that offer competitive interest rates to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance in amounts ranging from 4% to 5% of the mortgage loan in the form of either a second lien or a grant. Eligible borrower(s) must meet the programs income limits and guidelines.

MORTGAGE CREDIT CERTIFICATE (MCC)

With an MCC, the qualified homebuyer is eligible to take a portion of the annual interest paid on the mortgage as a special tax credit, up to $2,000, each year that they occupy the home as their principal residence. An MCC has the potential of saving the homebuyer thousands of dollars over the life of the loan.

The program is open to those individuals and families who:

  • Meet income and home purchase requirements
  • Have not owned a home as a primary residence in the past three years
  • Meet the qualifying requirements of the mortgage loan
  • Will use the home as their principal/primary residence

The MCC is a non-refundable tax credit, therefore, the Homebuyer MUST have a tax liability in order to take advantage of the tax credit.

For more information on special programs, please contact your Premier Nationwide Lending Home Mortgage Loan Expert.

* Loan programs are subject to credit and property approval. Other guidelines may apply.

Residential Mortgage Loan Originators

I’m a Graduate of University Texas at Arlington with a Bachelor’s degree in Communications and Business Management and reside in Flower Mound, Texas with my daughter, Landry. I have spent over 25 years in sales and marketing and the past 10 in the mortgage business with experience on every type of mortgage loan, purchase or refinance. From Government loans to Jumbo and Conventional loans working with customers that are First Time Home Buyers that need guidance and understanding of the process to the experienced borrower that needs an efficient turn-around time. I have served as a Mortgage Broker and have worked in a Large Bank environment. I believe working with Premier Nationwide Lending I am able to provide the best of both worlds to my customer base as we are an extremely Realtor/Client friendly environment with an accessible office to meet in person and the extensive technology to accomplish business over the phone and with out of town buyers that need assistance.


Loan Center

Checklist

What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.

Calculator

Wondering how much you can finance?

Testimonials

Being first time homebuyers, we had no idea what to expect or what was required. We had to close quickly and Stacy took the time to meet with us personally both on and off regular business hours to keep us informed all the way through the process. When our realtor didn't even show up to the closing, she was already there before our request. Stacy walked us through the entire process from selection to closing and ensured that we understood what was required, and when, in order to close on time. Available and informed at any time we needed, Stacy was a critical player in finding and purchasing our dream home. Thank you!

John & Angela C. - Coppell, Texas

Stacy makes the American Dream Happen! She is very Efficient and always closes on time, she is an asset to my team!

Marvin B. - Keller Williams

I have been extremely pleased with the service and professionalism that I received from Stacy Schriever for two separate re-finance mortgage loans. She was on top of every aspect of the loan process and made sure I was notified every step of the way. I appreciated her knowledge with the different types of loans available to me and helping me to decide which loan best fit my needs. I have recommended her to friends and family and would absolutely use her again on any future loans.

Betsy B., AIC, CRIS - Quanta Services

I've known Stacy for 10 years, professionally & personally. She communicates in a timely manner with compassion & clarity. I am very confident that she is "on the ball" for our clients with the utmost ethics.

Beka W., Realtor Keller Williams

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