Down Payment Assistance and
Grant Programs
Homes for Texas Heroes Program
If you’re a public servant in Texas, the Homes for Texas Heroes Program is designed specifically for you. This initiative, backed by the Texas State Affordable Housing Corporation (TSAHC), provides substantial support to individuals in professions that serve the community, helping them achieve their dream of homeownership.
Who Qualifies?
The program is open to a variety of professions, including:
- Public School Educators: Teachers, teacher aides, school librarians, counselors, and nurses.
- First Responders: Police officers, firefighters, and EMS personnel.
- Military Personnel: Veterans and active-duty military.
- Correctional Officers: County jailers and juvenile corrections officers.
- Public Security Officers
- Nursing Faculty and Allied Health Faculty
What Does It Offer?
Qualified Texas Heroes can receive:
- Mortgage Loans: Fixed-rate home loans tailored to your needs.
- Down Payment Assistance: Choose between a grant (which doesn’t require repayment) or a deferred forgivable second lien loan (which only needs repayment if you sell or refinance within three years).
Ready to Get Started?
Take the quick quiz below to see if you qualify. If you do, you’ll be one step closer to securing the home you’ve always dreamed of, with the support you deserve.
To qualify, you must also have a credit score of 620 and meet certain income requirements.
To qualify, you must also have a credit score of 620 and meet certain income requirements.
Even if you don’t qualify for this specific program, don’t worry—we offer other options like the Home Sweet Texas Home Program. And if you’re a first-time homebuyer, you may also be eligible for a Mortgage Credit Certificate (MCC) to reduce your annual tax liability.
Please fill out the form below and I’ll get back to you to discuss your options:
0% Down Purchase - Home Possible Program
The Home Possible Program is a great option for those looking to buy a home without needing to make a down payment upfront. Here’s a simple breakdown of what the program offers and how it works:
Key Features:
- No Down Payment Required: You can finance up to 97% of your home’s value, meaning you don’t need to pay anything upfront.
- Fixed-Rate Mortgage: This program offers a 30-year fixed-rate loan, so your interest rate stays the same over the life of the loan.
- Income Limits: To qualify, your income must be 80% or less of the median income in your area.
- Credit Score: You need a minimum credit score of 620 to be eligible.
- Homebuyer Counseling: If you’re a first-time homebuyer, you’ll need to complete a homebuyer education course. This can be done online and is often free.
Additional Details:
- Mortgage Insurance: You’ll need mortgage insurance, but there are options available depending on your situation.
- Non-Occupant Co-Borrowers: If needed, someone who doesn’t live in the home can co-sign the loan with you to help you qualify.
Who Can Apply?
This program is available to anyone buying their primary residence. It’s not limited to first-time homebuyers, so even if you’ve owned a home before, you can still apply.
How to Get Started?
Take the quick quiz below to see if you qualify. If you do, you’ll be one step closer to securing the home you’ve always dreamed of, with the support you deserve.
This program is designed to make homeownership more accessible by removing the barrier of a down payment, making it a fantastic option for many buyers.
$5,000 Grant Program
The $5,000 Grant Program is designed to make homeownership more affordable by providing financial assistance that can be used toward your home purchase. Here’s a simple breakdown of the program:
What Does It Offer?
- $5,000 Grant: This money can be used for your down payment or closing costs, making it easier to afford your new home.
- Additional Benefits:
- Up to $500 towards a one-year home warranty.
- Up to $500 towards your home appraisal cost.
Who Can Apply?
- First-Time Homebuyers: This program is specifically for first-time buyers.
- Eligible Areas: Your current residence must be in an eligible metropolitan area.
Loan Details:
- Minimum Credit Score: 620
- Loan-to-Value (LTV): Up to 97%, which means you can finance most of your home’s value.
- Homebuyer Education: If you’re a first-time buyer, you’ll need to complete a homebuyer education course to qualify for the grant.
How to Get Started?
Take the quick quiz below to see if you qualify. If you do, you’ll be one step closer to securing the home you’ve always dreamed of, with the support you deserve.
This program is a fantastic opportunity for first-time homebuyers to receive financial help and make their dream of owning a home more attainable.
