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 and purchase price 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. *Some exclusions apply.
  • 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:

Assistance Type Min FICO Score DPA Amount
Grant 3% DPA 4% DPA 5% DPA 6% DPA
FHA/VA/USDA** 620* 5.500% 5.750% N/A N/A
Bond (FTHB Texas Heroes Only)/FHA/VA/USDA** 620* N/A 5.050% N/A N/A
HFA Preferred PLUS*** 640 5.375% 5.750% 6.000% N/A
HFA Preferred Conventional 640 6.000% 6.125% N/A N/A
2nd Lien 3% DPA 4% DPA 5% DPA 6% DPA
HFA Preferred PLUS*** 680 4.875% 5.000% 5.125% 5.250%
HFA Preferred Conventional 680 5.500% 5.625% 5.875% 6.000%

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

** 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.

*** To be eligible for the HFA Preferred PLUS conventional interest rate, borrowers must meet additional income requirements or purchase a home in a qualified census tract. Learn more here.

Take the Eligibility Quiz

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