Would $17,715 in down payment and closing cost assistance on an averaged price Texas home bring homeownership within your reach? That’s exactly what Texas’ four major down payment assistance programs are designed for.
Verify Your Texas Down Payment Assistance Eligibility
The four Texas Down Payment Assistance (DPA) programs share a common goal of helping residents achieve homeownership by providing up to 5% assistance for down payments and closing costs.
However, each program is tailored to specific groups of Texans.
This program is tailored specifically for teachers, first responders, and veterans.
It provides up to 5% in down payment and closing cost assistance, offering valuable support to those who serve our communities.
Designed for low and moderate-income Texans, this program offers up to 5% in assistance, which can be received as a grant or a deferred forgivable second lien loan.
It’s ideal for those who meet specific income and credit score requirements, without the need for profession-specific criteria.
Perfect for first-time homebuyers, this program features competitive, fixed-interest-rate mortgages combined with up to 5% in down payment assistance.
It’s an excellent entry point for those stepping into the housing market for the first time.
Aimed at veterans and repeat homebuyers, this program offers low-interest mortgages with flexible assistance options ranging from 2% to 5% for down payments and closing costs.
The assistance can be provided as a grant or a 3-year forgivable second lien with 0% interest. My Choice Texas has higher income limits and does not require first-time buyer status.
All of these programs include shared benefits.
Up to 5% Down Payment and Closing Cost Assistance.
No Repayment Required for Grant Options.
Forgivable Second Lien Options Available.
Available statewide in Texas.
Additionally, each program has specific features that set it apart.
Specifically for Teachers, First Responders, and Veterans.
Tailored Support for Community Servants.
Available to Low and Moderate-Income Texans Without Profession-Specific Criteria.
Flexible Assistance as a Grant or Deferred Forgivable Second Lien Loan.
Income Limits Based on County Requirements.
Exclusive to First-Time Homebuyers.
Competitive Fixed-Interest-Rate Mortgages.
Ideal for Entry into the Housing Market.
Open to Veterans and Repeat Homebuyers.
Flexible Assistance Options of 2%, 3%, 4%, or 5% of the Loan Amount.
3-Year Forgivable Second Lien with 0% Interest Option.
Higher Income Limits Compared to Other Programs.
No Requirement for First-Time Homebuyer Status.
You may be eligible if you meet the following minimum requirements.
Credit Score: Minimum 620.
Primary Residence: Must purchase as primary home.
Income Limits: Must meet program-specific limits.
Lender Approval: Must use a participating lender.
Property Location: Must be in Texas.
All four Texas Down Payment Assistance Programs offer competitive loan terms designed to make homeownership accessible for a wide range of buyers. Here’s a general overview of what you can expect.
Mortgage Type: 30-year fixed-rate mortgages with low-interest rates.
Down Payment Assistance: Up to 5% of the loan amount, which can be used for both down payments and closing costs. The assistance can be received as a grant or a forgivable second lien loan, depending on the program.
Forgivable Second Lien: For those who choose this option, the second lien is forgivable after three years, provided you do not sell or refinance the home.
Flexible Assistance Options: Depending on the program, you can select from assistance levels of 2%, 3%, 4%, or 5% of the loan amount.
Income Limits: Higher income limits are available for certain programs, allowing more Texans to qualify.
No First-Time Homebuyer Requirement: Some programs are open to repeat homebuyers, not just first-time buyers.
We believe that your success is our success. That’s why we’re dedicated to providing the assistance, resources, and support you need to make your dream of homeownership a reality.
Whether you're a first-time buyer, a veteran, or someone looking to make the most of Texas Down Payment Assistance programs, we're here to guide you every step of the way.
Our experienced team understands the unique challenges of navigating the homebuying process, and we’re committed to simplifying it for you.
From helping you secure low-interest mortgages to ensuring you receive up to 5% in down payment and closing cost assistance, we work tirelessly to tailor our services to your specific needs.
We offer flexible options, whether you’re looking for a grant or a forgivable second lien loan, so you can choose what works best for your situation.
Your journey to homeownership should be smooth and successful, and with our expertise and dedication, you can trust that you’re in good hands. We’re not just helping you buy a house—we’re helping you build a future.
