Odessa Texas First-time Home Buyer Programs

Down Payment and Closing Costs Assistance in Odessa
Along with a 30 year fixed FHA loan, the home buyer program offers down payment and closing cost assistance to qualifying low-income residents looking to purchase a home in Odessa. For existing homes we provide 5% or 10% down payment assistance and up to $3,500 in closing costs assistance for homes less than $95,000. The program also offers down payment assistance on a sliding scale based on family income with up to $4,000 in closing costs assistance for any newly built home within city limits that has a sales price of less than $120,650.

TDHCA – 30 year fixed FHA loan plus a 5% grant to pay for down payment and closing costs. Home buyer must be a first-time home buyer and a resident of Texas. The borrower must also meet certain income requirements. The grant does get added as a 2nd lien but does not need to be paid back until the home is refinanced or sold. No interest is accrued so the lien amount never changes.

TSAHC – 30 year fixed FHA, USDA or VA loan along with a 3% or 5% grant to cover down payment and/or closing costs. The grant does NOT need to be repaid. Previous home owners and first-time buyers are welcome to apply. This program is targeted towards public service officials and low income individuals. Please take a look at the list below to see if your occupation fits into the program.
  • Public classroom teacher;
  • Full-time public teacher’s aide;
  • Full-time public school librarian;
  • Full-time public school counselor;
  • Full-time public school nurse; or
  • Allied Health or Professional Nursing Program faculty member
  • Fire Fighter
  • Corrections Officer or Juvenile Corrections Officer (this includes any employees of the Texas Department of Criminal Justice or Texas Juvenile Justice Department that receives hazardous duty pay)
  • County Jailer
  • Public Security Officer


Program Provider: Texas State Affordable Housing Corporation (TSAHC) – http://www.tsahc.org/

Eligibility Quiz: http://www.tsahc.org/homebuyers-renters/take-the-eligibility-quiz

Lenders: http://www.tsahc.org/homebuyers-renters/find-a-lender

Counseling: http://www.tsahc.org/homebuyers-renters/home-buyer-education

FAQ: http://www.tsahc.org/homebuyers-renters/faq

Contact: 877-508-4611


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