First Time Home Buyer Grants
It is fun to dream about buying your first home. Not only can you invest in your home and build wealth for the future, but you can customize your home to fit your needs and style. Homeownership has also been shown to have a positive impact on civic participation and children's educational outcomes and college attendance rates. With our first time home buyer grant, your dream of owning a home can become a reality.
While our down payment assistance programs are open to both first-time and non first-time home buyers, only first-time home buyers (or home buyers who have not owned a home within the last three years) can take advantage of our Mortgage Credit Certificate (MCC) Program.* These programs can be used together to make homeownership even more affordable for first-time home buyers.
*TSAHC defines a first-time home buyer as any family or individual that has not owned or had an ownership interest in a home within the past three years. Ownership interest is defined as any person who is living in the home as his or her principal residence and is listed on the deed of trust. For married couples, both spouses hold an ownership interest, even if only one is listed on the deed of trust.