Texas Affordable Housing

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Did you know you don't need a 20% down payment to buy a home? We have a number of down payment and affordable housing programs to help you own a home.

My First Texas Home (MFTH) - FHA, VA, USDA
Designed specifically for first-time homebuyers. My First Texas Home (MFTH) program offers up to 4% of the loan amount for the down payment and closing cost assistance. It is the most secure state resource designed for Texans and offers homebuyers an opportunity to qualify for mortgage loans with monthly payments that might otherwise be beyond your each.

My Choice Texas Home (MCTH) - Conventional (FNMA), FHA, VA, USDA
Available to first-time and repeat homebuyers alike. My Choice Texas Home (MCTH) program offers up to 5% of the loan amount for down payment and closing cost assistance in the form of a 30-year fixed annual percentage rate mortgage.

Down Payment and Closing Cost Assistance
Down Payment and Closing Assistance is available in the form of 30-year, 0% annual interest rate, non-amortizing, repayable second lien. No monthly payments are required on the second lien; however it must be repaid up the sale of the property, refinance, or payoff of the first lien mortgage loan.

Texas Mortgage Credit Certificate (MCC)
The Texas Mortgage Credit Certificate (MCC) is designed to help first-time homebuyers qualify for a mortgage loan. It allows you to claim a federal income tax credit equal to a percentage of the interest paid on their mortgage each year. It is a dollar for dollar reduction against your federal income tax liability, which can help you qualify and meet mortgage payment requirements.