The Homes for Texas Heroes and Home Sweet Texas Home Loan Programs are not only available for teachers, fire fighters, police and correctional officers, and veterans, but also low and moderate-income first time homebuyers. These loans and home down payment assistance programs are available through a network of lenders across the state and provide up to 5% of the purchase price in down payment assistance that DOES NOT HAVE TO BE REPAID. In effect, this is a very attractive Texas first time home buyer grant.
- 5.00% with 5% Net DPA
- 4.875% with 4% Net DPA
- 4.50% with 3% Net DPA
If you apply for a conventional mortgage loan, the interest rate is as follows:
- 5.25% with 5% Net DPA
- 5.125% with 4% Net DPA
- 4.875% with 3% Net DPA
To learn more about this grant, and/or to get started visit this TSAHC webpage for all the details.
You can contact the Texas State Affordable Housing Corporation directly at:
Texas State Affordable Housing Corporation
2200 E. Martin Luther King Jr. Blvd.
Austin, TX 78702
PO Box 12637
Austin, TX 78711-2637
Homebuyer Questions Toll Free: 877-508-4611 FREE
General Questions Toll Free: 888-638-3555 FREE
In addition to the down payment grant listed above, there is also another form of home buyer grant available in Texas: The Mortgage Credit Certificate Program. This is a special tax creidt that provides up to $2,000 per year and is exclusively for first-time homebuyers ( individuals who have not owned a home in the last three years). To find out more details about this program, visit the webpage here.
You can also find a summary of Texas first time home buyer grants currently available.