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
  • Must be combined with TSAHC's Down Payment Assistance. 
  • FREE for those Texas Heroes
  • 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/USDA/VA(Non-Bond) 620* 7.750% 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
BOND - FHA/VA/USDA (All areas until fully reserved)*** 620* N/A N/A N/A N/A
FHA/VA/USDA(Non-Bond) 620* 7.375% 7.625% 8.125% 8.500%
Conventional- HFA Advantage & HFA Preferred Above 80% AMFI (Non-Bond) 640* 7.500% 8.000% 8.500% 8.875%
Conventional- HFA Advantage & HFA Preferred 80% AMFI and Below(Non-Bond)** 640* 7.375% 7.875% 8.125% 8.625%

*Lenders can charge a 1% origination fee and other customary fees. In addition, an origination fee of .50% can be charged on 620-639 FICO government loans (FHA, VA, USDA). Please consider fees when shopping for a lender. 

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

***TSAHC Bond DPA is closed. Should you know that your file needs to be canceled, please do so ASAP. Depending on cancellations, the reservations for the bond program may reopen. Please stay tuned

Take the Eligibility Quiz