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Everythings bigger in Texas and that includes homebuyer assistance for the down payment and closing costs.

On this page, you can find all the programs and grants available for first-time homebuyers in Texas.

First-Time Homebuyer Programs in Texas

TDHCA considers anyone who hasn’t owned a home in the last three years a first-time homebuyer.

Texas Department of Housing & Community Affairs – homebuyer programs, including downpayment and closing cost assistance
Habitat for Humanity – builds and rehabilitates houses for families in need
U.S. Department of Agriculture Rural Housing – homebuyer programs in rural areas
Veterans Land Board Housing Assistance Program – Homebuying help for veterans in Texas
Texas State Affordable Housing Corporation – homebuyer programs, including downpayment and mortgage assistance

FHA Loans – FHA home loans are very popular with first-time homebuyers cause they require a 580 credit score with just a 3.5% down payment. Debt-to-income ratios up to 50% are allowed making them perfect for low-income borrowers.
Conventional Loans – Conventional loans require a 620 credit score and a 5% to 20% down payment. If you put 20% or more down mortgage insurance will not be required.
USDA Loans – USDA mortgage loans are for low-to-median income borrowers buying a home located in a USDA-eligible rural area. They provide 100% financing with a 620 or higher credit score. Mortgage insurance is required but the rate is the lowest of any type of mortgage program available.
VA Loans – Veterans of the U.S. military may be eligible for a VA home loan. No down payment or mortgage insurance is required and veterans with a 580 to 620 credit score are eligible.
HomeReady and Home Possible Loans – Freddie Mac and Fannie Mae created the HomeReady and Home Possible loan programs for low-income first-time homebuyers whose income does not exceed 100% of the area median income requiring just a 3% down payment and a 620 credit score.