Texas First-Time Homebuyer Programs

The Texas State Affordable Housing Corporation offers two types of programs to FIRST-TIME HOMEBUYERS.

The Professional Educators, Homes for Texas Heroes, and Home Sweet Texas Home Loan Programs provide 30-year fixed rate mortgage loans to eligible first-time homebuyers wishing to achieve the American dream of homeownership.

These programs offer low interest rates, as well as down payment and closing cost assistance in the form of a grant. These programs are available through a network of participating lenders across the state.

The current interest rate on a 30-year fixed FHA, VA or USDA (RHS) mortgage loan is 4.99%.

Some of the requirements for these programs include:
■ Be a first-time homebuyer, have not had an ownership interest in any principal residence during the last three years, or purchasing a home in a targeted area
■ Reside in the State of Texas
■ Meet the income and home purchase price limits
■ Meet standard mortgage underwriting requirements which demonstrate credit worthiness
■ Occupy the purchased home as their primary residence
■ Complete a HUD approved homebuyer education course prior to closing on the home loan.

To see if you meet the basic requirements, contact our office for more information.

Texas Capital Properties
512-587-3732 or 832-209-1433