Homes for Texas Heroes Home Loan Program
Texas State Affordable Housing Corporation offers Homes for Texas Heroes Home Loan Program to home buyers in Texas: as much as 5% of the mortgage, as a available as a grant or a loan that can be forgiven.
- Amount
- As much as 5% of the mortgage
- What kind of help
- Available as a grant or a loan that can be forgiven
- Only first time buyers
- No
- Your credit score
- At least 620
How is Homes for Texas Heroes Home Loan Program paid back?
Either way you get up to 5% of the loan, and the choice is yours: a grant with no repayment ever, or a second loan the program forgives after three years when you haven't sold, refinanced or moved.
Follow the program's rules and grant money is never repaid.
Hold the home and its first mortgage for as many years as the program sets, and the forgivable loan is then written off.
Who qualifies for Homes for Texas Heroes Home Loan Program?
- You must work as a teacher or educator, police officer, firefighter, EMS worker, county jailer, corrections officer or be a military veteran. No other jobs qualify.
- Your county and household size set the income limits.
- Being a first time buyer isn't required.
- Your credit score needs to be 620 or more.
- Take a homebuyer education course before buying.
- You also get a fixed-rate mortgage loan from TSAHC through a participating lender that is TSAHC-approved.
- County and household size set the price limit.
County and household size set most of the limits that apply to you. Our HUD income limits lookup shows the median income in your area and where your household sits.
How to apply for Homes for Texas Heroes Home Loan Program
- You apply with one of the Texas State Affordable Housing Corporation's approved lenders, together with your home loan, since it sends this help through them.
- Your income, credit and the home are all assessed by the lender against the program's rules, and then the money is reserved for you.
- At closing, this help goes toward your down payment and closing costs.
Texas State Affordable Housing Corporation's page for Homes for Texas Heroes Home Loan Program shows the rules in full and if it's taking applications. The agency also has a participating lender list you can pick a lender from.
Ask a lender about Homes for Texas Heroes Home Loan Program
Tell us where you're buying and a lender that works with Texas's programs can tell you whether Homes for Texas Heroes Home Loan Program fits you, and what you could combine with it.
Don't want to call? The lender will contact you after you share your details.
More Texas programs for first time buyers
- Home Sweet Texas Home Loan Program:
A grant or forgivable loan worth up to 5% of what you borrow.
- My Choice Texas Home:
As much as 5% of your home loan, as a forgivable or deferred loan.
Every Texas first-time home buyer program · Down payment assistance for every state