- An "Unassisted Rate" loan typically offers the lowest interest rate available and does not provide funds for down payment and closing cost assistance.
- An "Assisted Rate" loan is offered to income-eligible borrowers needing assistance with their down payment - up to 5% of the mortgage amount. These loans are offered at a slightly higher interest rate.
Visit www.myfirsttexashome.com or call FTHB toll free at 800-792-1119 to learn more about the program and whether you or someone you know may qualify.
All Texas First Time Homebuyer Program loans through the Texas Department of Housing and Community Affairs are available on a first-come, first-served basis through a network of participating lenders.
TDCJ employees in hazardous duty positions may also qualify for a home loan through the Homes for Texas Heroes Program administered by the Texas State Affordable Housing Corporation. In addition to being first-time homebuyers which the program defines as an individual or family that has not owned or had an ownership interest in any residence during the last three years applicants must reside in Texas and meet the income and home purchase price limits set by the program. They must also meet standard mortgage underwriting requirements demonstrating credit worthiness and occupy the purchased home as their primary residence. To apply, individuals must directly contact a participating lender to complete the application process. Information is available at www.tsahc.org (click on the Home Buyers link).