Texas § GV.2306.1074 - ELIGIBILITY
Full text of Texas The Texas Constitution § GV.2306.1074 — ELIGIBILITY, with citation guidance and answers to common questions.
§ GV.2306.1074. ELIGIBILITY
ELIGIBILITY. (a) To be eligible for a mortgage loan under this subchapter, a homebuyer must: (1) qualify as a first-time homebuyer under this subchapter; (2) have an income of not more than 115 percent of area median family income or 140 percent of area median family income in targeted areas; and (3) meet any additional requirements or limitations prescribed by the department. (b) To be eligible for a loan under this subchapter to assist a homebuyer with down payment and closing costs, a homebuyer must: (1) qualify as a first-time homebuyer under this subchapter; (2) have an income of not more than 80 percent of area median family income; and (3) meet any additional requirements or limitations prescribed by the department. (c) The department may contract with other agencies of the state or with private entities to determine whether applicants qualify as first-time homebuyers under this section or otherwise to administer all or part of this section. Added by Acts 2007, 80th Leg., R.S., Ch. 1029 (H.B. 1637 ), Sec. 1, eff. September 1, 2007. Added by Acts 2007, 80th Leg., R.S., Ch. 1341 (S.B. 1908 ), Sec. 2, eff. September 1, 2007.
Frequently Asked Questions About Texas § GV.2306.1074
What does The Texas Constitution § GV.2306.1074 cover?
Section GV.2306.1074 ("ELIGIBILITY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.2306.1074?
A common citation format is "The Texas Constitution § GV.2306.1074" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.2306.1074 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.