Texas Home Loan Programs

compare between different mortgage programs

TSAHC > Read more…

Statewide down payment assistance for public service workers such as firefighters, nurses, police officers and many others. Home buyer can apply for a 3 or 5% grant to help with down payment and closing costs. No money down required and the grant does not need to be paid back!

TDHCA > Read more…

Statewide down payment assistance for first-time homebuyers & eligible non first-time home buyers. 5% grant to help with down payment and closing costs. No money down is required and the assistance grant is deferred at 0% interest so there’s no monthly payment. Backed by Texas dept. of housing & community affairs.

VA > Read more…

100% financing for eligible military veterans. A fantastic loan program for current or former military personnel. Backed by the Department of Veterans Affairs. There’s no down payment required and seller can contribute up to 6% towards closing costs.

USDA > Read more…

100% financing for rural properties. USDA is a loan program that provides homeownership opportunities to moderate-income rural Americans. The loan is backed by USDA rural development.

MCC Tax Credit > Read more…

A yearly tax credit that is applied to any home loan. The savings will add up to tens of thousands of dollars over the life of the loan. We encourage all eligible homebuyers to take advantage of this program.

FHA > Read more…

Very common statewide loan program.  No restrictions on eligibility. Requires 3.5% down but gift funds from family are allowed to assist with down payment and closing costs. Easy to qualify.

CONVENTIONAL > Read more…

Fannie Mae and Freddie Mac conventional loan. Requires a minimum 5% down. Gift funds from family are allowed. Typically requires a 660 score.

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