· State housing agency to fund Rio Hondo property. (AUSTIN) – The Texas Department of Housing and Community Affairs (“TDHCA”) has announced a funding package that could total $6.7 million to private developers constructing the 60-unit Riverside Village Apartments, a proposed rental property in Rio Hondo that will feature reduced rents.
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Rio Hondo is a town in Texas with a population of 2,538. Rio Hondo is in Cameron County. Living in Rio Hondo offers residents a suburban feel and most residents own their homes. Many retirees live in Rio Hondo and residents tend to be liberal.
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Jumbo home loan rates in Rio Hondo, TX are usually 0.75 basis points higher than conforming mortgage rates in Rio Hondo, TX because there is no guarantee banks and credit unions can sell these mortgages after they make the loans. Rio Hondo, TX Fixed Rate Mortgages. Fixed rate mortgages are the most common mortgage available in Rio Hondo, TX.
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Applicants may qualify for up to $15,000 1% interest loans on 20-year terms for home repairs. Local realtors are strongly.
One great aspect of FHA mortgages in Rio Hondo, TX is that it’s not just first-time homebuyers who can get them, but any buyer. FHA mortgages have benefits for both the borrower and the lender. The borrower can get their home loan while making a significantly lower down payment, sometimes as little as 3.5 percent of what the home costs.
Zillow helps you find the newest Rio Hondo real estate listings. By analyzing information on thousands of single family homes for sale in Rio Hondo , Texas and across the United States , we calculate home values (Zestimates) and the Zillow Home Value Price Index for Rio Hondo proper, its neighborhoods and surrounding areas .