Helping Texans Realize the Dream of Home Ownership
Mortgage Grant Fund
The Mortgage Grant Fund (MGF) grant program awards funds to organizations that promote financial literacy that enables Texans to secure home ownership. The type of activities (goals) that support the MGF grant program are those that identify and support financial literacy education; counseling that leads to homeownership; and train-the-trainer programs relating to these goals.
The MGF was established by the 87th Texas Legislature by enactment of Texas Finance Code Chapter 156, Subchapter G. The MGF is also governed by SML’s administrative rules (regulations) contained in 7 Texas Administrative Code Chapter 51, Subchapter E. The MGF is funded primarily by excess revenue transferred from the Recovery Fund (Texas Finance Code Chapter 156, Subchapter F) and penalties collected by SML. Funds distributed from the MGF are only used for the purposes set forth in Texas Finance Code Section 156.554.
Mission Statement
The MGF mission is to support financial education, literacy, and capability that lead to tangible improvements in financial health, enabling consumers to obtain and maintain mortgage loans.
Departamento de Ahorros y Préstamos Hipotecarios
Héctor Retta, Comisionado
2601 N. Lamar, Suite 201,
Austin, TX 78705
1-877-276-5550
smlinfo@sml.texas.gov
Ahorro y préstamos hipotecarios
Estado de texas
Promover y proteger un entorno de préstamos hipotecarios saludable en Texas.
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