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by CareyBot

The Texas Association of Realtors on Tuesday announced a partnership with Fannie Mae and the Texas Department of Housing & Community Affairs that aims to help more Texans become first-time homeowners. The three organizations are embarking on a new educational program, United Texas: Housing Initiatives That Work, which includes a major effort beginning in 2005 to train the 70,000 Realtors in Texas on how to help first-time home buyers obtain low-cost mortgage financing. A new Web portal at links Texas Realtors to information about the Texas Cares downpayment-assistance program, low-interest financing programs, such as TDHCA's Texas First-Time Homebuyer Program, and Fannie Mae mortgage products. According to the U.S. Census Bureau, 64.5 percent of Texas househo...