Recognizing Texas Teachers Now and Always

September 4, 2020 | by Anna Orendain

Categories: Homeownership, Homes for Texas Heroes, Teachers

While few Americans expected that COVID-19 could have affected the nation as dramatically as it has, our teachers have continually proven their ability to adapt and respond creatively to these unexpected events. Even during such unprecedented times, their dedication to keeping Texas children healthy, educated, and engaged demonstrates why so many children are inspired by their educators. 

We’re inspired too. It’s why we’ve honored Texas teachers through our Homes for Texas Heroes program since its inception in 2003. The 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.

Now more than ever our teachers should know that when it comes to realizing the dream of homeownership, we’re here to help.

And it’s not only teachers that are eligible for the program. Teacher aides, school librarians, school counselors, and school nurses working full-time in a K-12 public school in Texas are also eligible for home buying assistance.

Program Benefits 

Our Homes for Texas Heroes program offers multiple options, so Texas Heroes can select the option that works best for their own plan. Program benefits include: 

• A 30 year fixed rate mortgage loan with several rates and loan types available.
• Up to a 5% down payment assistance (DPA) available.
• DPA provided as a grant (never needs to be repaid) or forgivable second lien loan.
• Don't have to be a first-time home buyer if only using our DPA program.
• Heroes using both our DPA and MCC (Mortgage Credit Certificate) programs do need to be first-time home buyers (unless purchasing a home in a Targeted Area); however, heroes will receive the MCC for FREE, a $500 savings!

Next Steps

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.

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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.