How long does the process take after receiving an approval from my bank?

The home buying process requires many steps, and involves many different parties, a variety of inspections, verifications, etc., and can take several weeks to complete. Once Neighborhood Resources receives your completed application, sends and receives back the employment and income verifications, we have what is needed to determine if you qualify. After the City performs an inspection of the property, a list of any required repairs will be sent to the realtors involved. Once those repairs have been completed, the home is re-inspected by the City inspector. When household income has been verified and the home passes inspection, you are approved for the FTHB Program.

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1. How do I apply for the First Time Home Buyer's Program?
2. Will a poor credit rating affect the mortgage application or the application for FTHB Program assistance?
3. Will homebuyers be required to repay the homebuyer assistance provided by the City of Wichita Falls?
4. Will the homebuyer be charged interest for homebuyer assistance?
5. Is a home inspection required?
6. If the homebuyer is now divorced but previously owned a home with a former spouse, do they qualify as a first time homebuyer?
7. How long does the process take after receiving an approval from my bank?
8. Do I need to be a senior citizen to qualify for Minor/Emergency Repair assistance?
9. Do I have to own my home to qualify for the Minor/Emergency Repair Program?
10. Can I pick my own contractor for repairs provided by the Minor/Emergency Repair Program?
11. Will the Minor/Emergency Repair Program pay for work that’s already done?
12. How many times can I use the Minor/Emergency Repair Program?
13. What income is considered for the First Time Home Buyer Program?