Texas offers a wide range of down payment assistance (DPA) programs to help homebuyers—especially first-timers—get into a home without needing a huge upfront payment. Here’s a quick breakdown of what’s available:
🏡 Statewide Programs
- Texas State Affordable Housing Corporation (TSAHC): Offers up to 5% of the loan amount as a grant or forgivable second lien loan. You don’t have to repay the grant, and the loan is forgiven after three years if you stay in the home.
- My First Texas Home Program: Designed for first-time buyers and veterans, this program provides below-market interest rates and up to 5% in DPA.
- Homes for Texas Heroes Program: Tailored for teachers, police officers, firefighters, and other public service professionals. Offers similar benefits to the TSAHC program.
💡 Key Requirements
- Minimum credit score: 620
- Income limits apply (varies by county and household size)
- Must complete a homebuyer education course
- Property must be your primary residence