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.

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 combined with TSAHC's Down Payment Assistance
  • May be used with any investor or loan servicer loan product
  • New and existing single family homes, townhouses, condominiums and manufactured housing
  • 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


w/ FICO score
4.625% 5.000% 5.375% .50%
w/ FICO score 640+
4.625% 5.000% 5.375% 0%
HFA Preferred

w/ FICO score
4.875% 5.125% 5.375%


HFA Preferred Conventional
w/FICO score 640+
4.875% 5.125% 5.375% 0%

 take the eligibility quiz