You can buy a house. We can show you how.
The Texas State Affordable Housing Corporation (TSAHC) is a nonprofit organization organization that was created by the Texas Legislature to help Texans achieve their dream of homeownership. We specialize in helping people buy a home for the first time .
video : How Our Programs Work
Your First Step
Your first gear step in the home buy process is to take our Eligibility Quiz. This light quiz will tell you if you qualify for our home buy programs and aid. once you have completed the quiz, we ’ ll assistant you find a lender, attend a course about buying a family, and find a REALTOR® .
What is a “First-Time Home Buyer”?
We define “ first-time home buyer ” as any person or class who has not owned, or had an ownership sake in, a home within the past three ( 3 ) years. “ ownership interest ” is defined as any person who is living in the home as his/her chief residence and who is listed on the Deed of Trust. For married couples, both spouses hold an ownership matter to, even if merely one is listed on the Deed of Trust. Being a first-time homebuyer allows you to take advantage of our Mortgage Credit Certificate plan.
If you’re not a first-time home buyer, TSAHC can still help you buy a home!
many of our programs are open to people who have already purchased a base. We love helping first-time homebuyers, but we besides want to assist any eligible Texan afford a home of their own. If you presently own a home—or have owned a base in the past—there ’ sulfur still a adept gamble we can help you.
Down Payment Assistance (DPA): What Is It?
If you qualify for our programs, TSAHC will provide you with a mortgage loanword and fund to use for your depressed requital. You can choose to receive the aid as a accord ( which does not have to be repaid ) or a postpone excusable second spleen loan ( which only has to be repaid if you sell or refinance within three years ). If you ’ re eligible, you can basically receive spare money to help you buy a home. To qualify, you must have a credit score of 620 and meet certain income requirements.
Two Home Buyer Programs: Which is Right for You?
TSAHC ’ south mortgage loans with down payment aid are offered through the succeed programs. You don’t have to be a first-time home buyer to use either program!
“Homes for Texas Heroes” Program
If you ’ re in a hero profession, this is the home loan course of study for you. Hero professions include :
- Professional educators, which includes the following full-time positions in a public school district: school teachers, teacher aides, school librarians, school counselors, and school nurses
- Police officers and public security officers
- Firefighters and EMS personnel
- Veterans or active military
- Correction officers and juvenile corrections officers
- Nursing faculty and allied health faculty
“Home Sweet Texas” Home Loan Program
If you don ’ thyroxine qualify under one of the professions listed above, this is the best program for you.
First-Time Home Buyers can also apply for a mortgage interest tax credit!
If you are buying your first home, you can apply for a mortgage interest tax credit known as a Mortgage Credit Certificate (MCC). To qualify, you must meet certain income requirements and the home must meet certain sales price restrictions .
Learn more about Mortgage Credit Certificates
Ready to Start?
The first step to buying a home with our avail is to take our Eligibility Quiz. This simple quiz takes lone a few minutes to complete and will tell you what TSAHC programs you qualify for .
If you are eligible, the quiz will then direct you to contact a participating lender in your area. The lender will help you fill out the lotion. You will not submit anything directly to TSAHC .
You will be required to complete an approve home buyer education course before closing on your home. We don ’ t command you to work with a specific REALTOR®, but you can besides use this search joyride to find a REALTOR® familiar with our programs .
What People Are Saying About TSAHC’s Programs
“ Buying a home is the biggest fiscal decision we ’ ve always made, and we couldn ’ t have done it without the depressed payment grant we received from TSAHC. I ’ m thus grateful to lend officeholder Stacy Schriever and REALTOR® Debbie Patterson for introducing me to TSAHC ’ s programs, which made it possible for our syndicate to finally purchase a base of our own. ”
-Felicia Bolton, Home Buyer
“ TSAHC ’ randomness programs make homeownership possible for many Texas families. I am gallant to be a enter loanword officer in TSAHC ’ randomness programs so I can help families like the Pilgrims achieve their lifelong dream of buying a home. ”
-Nicole Newton, Loan Officer with Prime Lending
“Buying a home can be overwhelming, but I feel very blessed with my experience. I am very grateful for the guidance that my loan officer Tina Chumley, and REALTOR® Chelcy Gilliland provided during the home buying process. I am also thankful for TSAHC, whose programs helped me buy a home in my neighborhood so my son didn’t have to change schools.”
-Ellie Moss, Home Buyer