Texas First-Time Home Buyer Programs of 2023

Buying a house is a huge financial decision. If you’ve never done it before, it’s easy to feel like you’re in over your head. Loan programs for first-time home buyers can make the process easier, especially if you’ve had credit issues or found it hard to save up a down payment.

The Texas Department of Housing and Community Affairs (TDHCA) offers first-time home buyer programs to assist qualified borrowers in the Lone Star State. Some national loan programs also have features that can benefit first-time home buyers. Browse the options below to find the right mortgage for your needs.

TDHCA highlights and eligibility requirements

If you haven’t owned a home as your primary residence within the past three years, you’re considered a first-time home buyer by the TDHCA. This requirement is waived if you’re an honorably discharged veteran, and one state program is available to some repeat home buyers.

Highlights

• Down payment and closing cost assistance.

• Tax credit possible for annual interest paid on mortgage loan.

• Some programs can be combined for maximum benefit.

• Homes in “targeted areas” enjoy higher income and purchase price limits.

Eligibility

• Borrowers must have a minimum credit score of 620.

• Borrowers must meet income requirements.

• Property must be in Texas and not exceed purchase price limits.

• Property can be a single-family home, condo or townhome, manufactured home or other eligible dwelling.