Homes for Texas Heroes Loan Program
For teachers, fire fighters and EMS personnel, police and correctional officers, and veterans.
Learn More
Daily Interest Rates
Unless otherwise stated, the interest rates listed below apply to both theHomes for Texas Heroes and Home Sweet Texas Home Loan Programs.
| Assistance Type | Min FICO Score | DPA Amount | |||||
|---|---|---|---|---|---|---|---|
| 0% DPA | 2% DPA | 3% DPA | 4% DPA | 5% DPA | |||
| Non-Bond Products | |||||||
| No DPA | FHA/USDA/VA (Non-Bond) | 620* | 6.750% | – | – | – | – |
| Conventional- HFA Advantage & HFA Preferred Above 80% AMFI | 640* | 7.125% | – | – | – | – | |
| Conventional- HFA Advantage & HFA Preferred 80% AMFI and Below | 620* | 6.875% | – | – | – | – | |
| Grants | FHA/USDA/VA (Non-Bond) | 620* | – | 7.375% | 7.625% | – | – |
| 3-year Deferred Forgivable 2nd Lien |
FHA/VA/USDA (Non-Bond) | 620* | – | 6.875% | 7.250% | 7.375% | 7.750% |
| Conventional- HFA Advantage & HFA Preferred Above 80% AMFI (Non-Bond) | 640* | – | 7.500% | 7.750% | 8.000% | – | |
| Conventional- HFA Advantage & HFA Preferred 80% AMFI and Below(Non-Bond)** | 640* | – | 7.375% | 7.500% | 7.875% | 8.000% | |
| Bond Products | |||||||
| 30-year Deferred Repayable 2nd Lien | Bond – FHA/USDA/VA*** | 620* | – | – | – | – | 6.500% |
| Mortgage Credit Certificate |
The MCC is now available in combination with our Down Payment Assistance program. The credit rate is now 15%. The stand-alone MCC is no longer available. |
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* Lenders can charge a 1% origination fee and other customary fees. In addition, an origination fee of .25% can be charged on 620-639 FICO government loans (FHA, VA, USDA). Please consider fees when shopping for a lender. Furthermore, the minimum FICO for manufactured homes (all loan types) is 640.
** 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.
*** This is only available to first-time home buyers (unless you are a Qualified Veteran or purchasing a home in a targeted area) and to those borrowers that are at or below 80% of the area median family income (AMFI). Learn more here.
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How to Become a TSAHC-Approved Lender
We welcome mortgage lenders and brokers who are interested in participating in our programs to apply today!
Programs for Homebuyers
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.
Take the Path Finder Quiz to find programs for you.
Program Comparison
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
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