Home Buyer Programs
TSAHC provides 30-year fixed interest rate mortgage loans, down payment assistance grants, and mortgage credit certificates through the following programs. These programs are offered through a network of approved mortgage lenders.
- Homes forTexas HeroesHome Loan Program: for teachers, fire fighters and EMS personnel, police and correctional officers, and veterans.
- Home Sweet Texas Home Loan Program: for Texas home buyers with low and moderate incomes.
Loans w/ Down Payment Assistance:
- Credit scores as low as 620
- No max DTI w/AUS approval
- Low fees
- Third Party Originators allowed
- FHA manual underwrites allowed up to 43% DTI with no additional fee (640 minimum FICO score required)
- FHA non-traditional credit allowed with no additional fee
- Income limits vary by county. Expanded income limits available in targeted areas.
Mortgage Credit Certificates (MCC):
- Please note: TSAHC's stand-alone MCC program has been discontinued indefinitely. MCC's may still be obtained in combination with TSAHC's DPA program, as funds are available. Please confirm availability at [email protected] .
- A special tax credit that reduces a home buyer's federal income tax liability every year
- Helps the home buyer qualify by reducing the DTI
- No minimum credit score or maximum DTI requirements
- Must be combined with TSAHC's Down Payment Assistance.
- FREE for those Texas Heroes.
- Income limits vary by county. Expanded income and purchase price limits available in targeted areas.
- Exclusively for first-time home buyers
Today's Interest Rates:
Unless otherwise stated, the interest rates listed below apply to both the Homes for Texas Heroes and Home Sweet Texas Home Loan Programs.
| Assistance Type | Min FICO Score | DPA Amount |
|---|
| 2% DPA | 3% DPA | 4% DPA | 5% DPA |
|---|
| FHA/USDA/VA(Non-Bond) | 620* | 7.125% | 7.625% | N/A | N/A |
|---|
3-year Deferred Forgivable 2nd Lien
| Assistance Type | Min FICO Score | DPA Amount |
|---|
| 2% DPA | 3% DPA | 4% DPA | 5% DPA |
|---|
| BOND - FHA/VA/USDA (Limited Availability)*** | 620* | N/A | N/A | N/A | N/A |
|---|
| FHA/VA/USDA(Non-Bond) | 620* | 6.375% | 6.750% | 7.000% | 7.375% |
|---|
| Conventional- HFA Advantage & HFA Preferred Above 80% AMFI (Non-Bond) | 640* | 7.000% | 7.125% | 7.375% | 7.875% |
|---|
| Conventional- HFA Advantage & HFA Preferred 80% AMFI and Below(Non-Bond)** | 640* | 6.500% | 7.000% | 7.250% | 7.500% |
|---|
*Lenders can charge a 1% origination fee and other customary fees. In addition, an origination fee of .50% can be charged on 620-639 FICO government loans (FHA, VA, USDA). Please consider fees when shopping for a lender.
**To be eligible for the 80% AMFI and Below conventional loan, borrowers must be at or below 80% of the area median family income (AMFI). Learn more here.
***This is only available to first-time home buyers (unless you are a Qualified Veteran or purchasing a home in a targeted area) and to those borrowers that are at or below 80% of the area median family income (AMFI). Learn more here.
Our Programs in Your Area
- Region 1: Texas Panhandle
- Region 2: Dallas / Fort Worth Area
- Region 3: El Paso / West Texas
- Region 4: Austin / Central Texas
- Region 5: East Texas
- Region 6: San Antonio Area
- Region 7: Houston Area
- Region 8: South Texas
