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Four Texas groups, including nonprofits and a housing authority, have been awarded $2.3 million by the Federal Home Loan Bank of Dallas to build or rehabilitate 556 housing units over the next three.
IRVING, Texas, Apr 05, 2017 (BUSINESS WIRE) — The Federal Home Loan Bank of Dallas (FHLB Dallas), an Irving, Texas-based wholesale bank cooperatively owned by its approximately 850 member financial.
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In other words, the lower the down payment, the riskier the loan; the borrower has to take on a larger loan to cover the value of the home, resulting in a higher payment. And with little equity built.
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