Texas Department of Housing and Community Affairs (TDHCA) Down Payment Assistance

TMP 79 Loan:

  • Assistance up to 3%, 4% or 5% of the loan amount that can be used for the down payment or closing cost
  • 30-year loan term
  • Minimum 620 FICO
  • Must be first-time homebuyer
  • Eligible property types:
    • 1-2 unit dwellings
    • Detached or attached homes
    • Townhomes
    • Agency-approved condominiums
  • Loan types:
    • FHA
    • VA
    • USDA
    • Conventional (HFA Preferred Only)

Texas MCC Program (Eligibility):

  • Allows you to apply a tax credit to lower debt to income in order to qualify
  • Meet income and home purchase requirements;
  • Have not owned a home as primary residence in the past three (3) years;
  • Meet the qualifying requirements of the mortgage loan;
  • Will use the home as their principal/primary residence.
  • Minimum FICO 620 required

SETH 5 Star Texas Advantage Down Payment Assistance

  • No first-time homebuyer requirements
  • 30-year, fixed-rate through the FHA, VA, USDA and Conventional Freddie Mac HFA Advantage loan programs
  • Repayment of assistance is not required
  • No recapture provision
  • No 2nd lien required on your home

The Texas State Affordable Housing Corporation (TSAHC) Down Payment Assistance

  • 30-year, fixed-rate home loans
  • Minimum FICO 620
  • Down payment and closing cost assistance of 3-5% of the entire loan amount
  • Not required to pay back the down payment assistance amount
  • Loan types:
    • VA
    • FHA
    • USDA
    • Conventional FNMA HFA Preferred