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 for Texas Heroes Home 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
  • Simplified income limits
Mortgage Credit Certificates (MCC):
  • A dollar for dollar savings of up to $2,000 every year as a special tax credit
  • Helps the home buyer qualify by reducing the DTI
  • No minimum credit score or maximum DTI requirements
  • May be used with any fixed-rate loan product or combined with TSAHC's Down Payment Assistance
  • FREE for those Texas Heroes also using TSAHC's Down Payment Assistance.
  • Simplified income limits
  • Exclusively for first-time home buyers

Today's Interest Rates:

Minimum credit score requirements must be met. Learn More.

*USDA Interest Rate Cap: Grant options available with USDA loans are limited to those that meet the daily interest rate cap set by USDA as determined by the Lender. In most cases, the 4% and 5% grant options do not meet USDA's interest rate cap.


Loan Type &
Mortgage Interest Rate
3% Grant for
Down Payment
4% Grant for
Down Payment
5% Grant for
Down Payment

Origination
Charge

FHA/VA/USDA*
w/ FICO score
620-639
4.500% 5.000% 5.250% .50%
FHA/VA/USDA*
w/ FICO score 640+
4.500% 5.000% 5.250% 0%
HFA Preferred
Conventional

w/ FICO score
620-639
4.750% 5.000% 5.250%

.25%

HFA Preferred Conventional
w/FICO score 640+
4.750% 5.000% 5.250% 0%

 take the eligibility quiz