May 10, 2019 | by Katie Claflin
Categories: First Time Buyer, Homeownership, Homes for Texas Heroes, Teachers
This week is Teacher Appreciation Week, a time when teachers are recognized for their hard work and dedication to students and families.
Originally established by Congress in 1980 as National Teacher Day, the National Parent Teacher Association expanded teacher appreciation to a full week in 1985 when the first full week of May was formally designated as Teacher Appreciation Week.
TSAHC honors Texas teachers both during Teacher Appreciation Week and throughout the year. We have offered the Homes for Texas Heroes program for Texas public school teachers since 2003. The Homes for Texas Heroes program provides down payment assistance and mortgage interest tax credits to help teachers and other Texas Heroes buy a home in the community they serve.
Teacher aides, school librarians, school counselors, and school nurses working full-time in a K-12 public school in Texas are also eligible for the Homes for Texas Heroes program.
*NEW* DPA Option Available with Lower Interest Rate
On April 3rd TSAHC launched a new loan product specifically for teachers and other Texas Heroes who are first-time home buyers.
The loan product offers the following benefits:
- A 30 year fixed rate mortgage loan with a 4.55% interest rate
- A 4% grant for down payment assistance
- FHA, USDA, and VA loan types available
- Don't have to be a first-time home buyer if purchasing a home in a Targeted Area.
If you are a Texas teacher interested in our Homes for Texas Heroes Program, we recommend you take the following steps:
- Take the Eligibility Quiz to see if you meet the income requirements.
- If you qualify, contact a participating lender to apply. You will be directed to a list of participating lenders in your area at the end of the eligibility quiz, or you can view the full list here.
On the House blog posts are meant to provide general information on various housing-related issues, research and programs. We are not liable for any errors or inaccuracies in the information provided by blog sources. Furthermore, this blog is not legal advice and should not be used as a substitute for legal advice from a licensed professional attorney.