Texas Department of Housing and Community Affairs (TDHCA) Program

Buying a home with no money down is possible, and today we’ll highlight the Texas Department of Housing and Community Affairs (TDHCA) Program

TDHCA provides  down payment assistance second liens to eligible homebuyers:

Begin a lifetime of homeownership through My First Texas Home. This program allows qualified Texans access to competitive interest rate home loans and down payment and closing cost assistance. Homebuyers who meet the following minimum requirements are eligible to apply for a loan under the program:

  • First time homebuyer or a homebuyer who has not owned a home as primary residence within the past three years; (No First Time Homebuyer Requirement with the My Choice Texas Home option).
  • Homebuyer(s) income does not exceed program’s income limit guidelines
  • Purchase price of home does not exceed program’s purchase price limit guidelines
  • Credit Score/DTI Requirements
    • Government Loans (FHA, VA, USDA) and Conventional (FNMA HFA Preferred) loan products:
      • Minimum 620;
      • Max DTI – No max DTI with AUS approval
      • Manual Underwriting Allowed – 45% Max DTI

Not a First Time Homebuyer? Go here to see if you qualify for our My Choice Texas Home Program.

It’s a fast, simple process – follow the links below or contact us to find out more.

My First Texas Home also provides down-payment/closing cost assistance to eligible homebuyers.

To verify the area median family income (AMFI) figure for your area of the state, please check the Maximum Income and Purchase Price Limits Table (PDF). To determine if down payment assistance funds are available, please view the Rate Notice/Available Options (PDF) document.

If you are a current homeowner concerned about foreclosure, visit Foreclosure Prevention for helpful resources.

Visit Related Programs for information on other Homebuyer Programs offered by the Texas Department of Housing and Community Affairs.

Information can change Regularly. Here is the link directly to the TDHCA website: HERE

If you have any other questions or would like more information, feel free to give us a call. As mortgage experts, we would be happy to guide you toward the best option for financing your next home purchase. We look forward to hearing from you soon. Have Questions, contact us below.