Texas first time home buyer grants and programs

As a first-time homebuyer in Texas, you have access to various programs and grants designed to make homeownership more attainable. Here are some key options to consider:

1. Texas State Affordable Housing Corporation (TSAHC) Programs

Down Payment Assistance (DPA): TSAHC offers down payment assistance as either a grant (which doesn't require repayment) or a deferred forgivable second lien loan (which is forgiven after three years if you don't sell or refinance). To qualify, you need a minimum credit score of 620 and must meet certain income requirements.
Mortgage Credit Certificate (MCC): This program provides a tax credit for a portion of the mortgage interest paid annually, potentially saving you up to $2,000 per year. It's available to first-time homebuyers who meet specific income and purchase price limits.

2. Texas Department of Housing and Community Affairs (TDHCA) Programs

My First Texas Home: This program offers 30-year fixed-rate mortgage loans with down payment and closing cost assistance for first-time homebuyers and veterans. Eligibility is based on income and purchase price limits, which vary by county.
My Choice Texas Home: Similar to the above but not limited to first-time buyers, this program provides 30-year fixed-rate loans with down payment assistance. Income and purchase price limits apply.

3. Local Assistance Programs

Many cities and counties in Texas offer their own down payment and closing cost assistance programs. For example, the City of Dallas provides up to $40,000 in assistance for eligible first-time homebuyers. It's advisable to check with your local housing authority or city government for programs specific to your area.

4. Federal Programs

Federal Housing Administration (FHA) Loans: These loans require a lower down payment and are accessible to first-time buyers with lower credit scores.
U.S. Department of Agriculture (USDA) Loans: For properties in eligible rural areas, USDA loans offer zero down payment options to qualified buyers.

Steps to Take:

Assess Eligibility: Review the specific requirements for each program, including income limits, credit score minimums, and purchase price caps.
Complete Homebuyer Education: Many programs require completion of a homebuyer education course, which can provide valuable insights into the purchasing process.
Consult with Approved Lenders: Work with lenders approved by the program you're interested in to understand your financing options and begin the application process.
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By exploring these programs, you can find assistance tailored to your needs, making the journey to homeownership in Texas more achievable.🏡🔑💼

Please call us at 469-269-6541 for more details about Forney and available homes in Forney!

About us: Forney New Construction Expert Real Estate Agent

As a Top Real Estate Professional in Forney, I understand the challenges that arise when buying a new construction home. There are over 100 builders in the DFW area. I work with most of the new home builders in Forney and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.

As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.

Whether you are a first time buyer in Forney looking to buy a home whether you are relocating to Forney from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Forney. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.

What is most important to you in your new construction home in Forney? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Forney that you can use to help make your home buying decision.