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.

• Homes for Texas Heroes Home Loan Program: for teachers, fire fighters and EMS personnel, police and correctional officers, and veterans.
• Home Sweet Texas Home Loan Program: for Texas home buyers with low and moderate incomes.

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

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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