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
  • Income limits vary by county. Expanded income limits available in targeted areas.
Mortgage Credit Certificates (MCC):
  • A special tax credit that reduces a home buyer's federal income tax liability every year
  • 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. 
  • Income limits vary by county. Expanded income and purchase price limits available in targeted areas.
  • Exclusively for first-time home buyers

Today's Interest Rates:

Unless otherwise stated, the interest rates listed below apply to both the Homes for Texas Heroes and Home Sweet Texas Home Loan Programs.

Assistance Type Min FICO Score DPA Amount
2% DPA 3% DPA 4% DPA 5% DPA
FHA/VA/USDA(Non-Bond) 620* N/A N/A N/A N/A
3-year Deferred Forgivable 2nd Lien
Assistance Type Min FICO Score DPA Amount
2% DPA 3% DPA 4% DPA 5% DPA
FHA/VA/USDA(Non-Bond) 620* 6.875% 7.125% N/A N/A
Conventional- HFA Advantage & HFA Preferred Above 80% AMFI (Non-Bond) 640 N/A N/A N/A N/A
Conventional- HFA Advantage & HFA Preferred 80% AMFI and Below** (Non-Bond) 640 7.375% 7.625% N/A N/A

PLEASE NOTE: Due to continued market volatility, pricing for some DPA options has been unavailable in the market. As a result, TSAHC temporarily suspended several options.
Our ability to continue to offer theses DPA options will depend on daily pricing and market conditions, so we encourage you to check our website and lender portal daily. We also suggest you consider offering borrowers lower amounts of DPA as an alternative.
We appreciate your continued participation in our programs and ask for your patience as we continue to monitor market conditions. We understand that the unavailability of these options may have caused difficulty for some borrowers who were counting on the additional DPA. We will make adjustments as needed to continue to provide the best down payment assistance programs for borrowers.

* Origination fee of .50% charged on 620-639 FICO government loans (FHA, VA, USDA). 

** To be eligible for the Below 80% AMFI conventional loan, borrowers must be at or below 80% of the area median family income (AMFI). Learn more here.

Take the Eligibility Quiz