Home sweet Texas home. Texas is a state full of opportunity, from beaches to big cities and small towns in between. Owning a home here means joining a vibrant, diverse community. For many Texans, the biggest hurdle to homeownership is simply coming up with a down payment and closing costs. The Texas State Affordable Housing Corporation (TSAHC) helps bridge that gap with statewide homebuyer programs that pair 30-year fixed mortgage loans with down payment assistance and tax benefits to support qualified buyers.
What This Program Offers:
- 30-year fixed interest rate mortgage loans through approved lenders.
- Down payment and closing cost assistance up to 5% of the loan amount, available as a grant or a forgivable second lien loan.
- Mortgage Credit Certificate (MCC): annual federal tax credit that can save thousands over the life of the loan (must be paired with TSAHC assistance.
- Assistance is available for both first-time and repeat buyers on many products.
Who This Program Is Designed For:
TSAHC Home Sweet Texas is ideal for buyers who:
- Need help covering down payment and closing costs.
- Want a fixed-rate mortgage with low monthly payments.
- Prefer options that include grants (no repayment) or forgivable second liens.
- Are purchasing in Texas anywhere through participating lenders.
- Meet income limits and other eligibility criteria through the loan product.
- May combine assistance with Mortgage Credit Certificates for tax savings.
Eligibility Snapshot:
- Down payment assistance and mortgage products are available statewide.
- Income and purchase price limits vary by county and loan type.
- Minimum credit score requirements typically start around 620 (varies by program).
- Homebuyer education may be required.
- Approved lender participation is required for all programs.
Who Should Take Action:
Agents working with Texas buyers, especially those who have low-to-moderate income, first-time, buyers, should consider TSAHC programs when counseling clients on affordable homeownership options. Early engagement with knowledgeable lenders can make the difference in helping clients access these benefits and move toward closing with confidence.
What to Do Next:
- Screen buyers for income, credit, and county eligibility early.
- Confirm if clients qualify for Homes for Texas Heroes, Home Sweet Texas, or general TSAHC assistance.
- Connect clients with an approved TSAHC lender to start the application.
- Ensure buyers complete any required homebuyer education.
- Explore combining mortgage credit certificates (MCC) with down payment assistance to enhance savings.
- Compare TSAHC options with other assistance programs statewide on Homebuyerwallet.com if needed.
If one TSAHC product doesn’t fit a buyer’s situation, due to income, location, or loan type, there are many other programs available across Texas. Homebuyerwallet.com can help you match the best solutions to your client’s needs. Find your Sweet Texas home now!
