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My Choice Texas Home

Texas Department of Housing and Community Affairs offers My Choice Texas Home to home buyers in Texas: up to 5% of the home loan, as a forgivable or deferred loan.

Amount
Up to 5% of the home loan
Kind of help
Forgivable or deferred loan
First-time buyers only
No
Homebuyer course
Required

Forgivable or deferred loan: either a 30-year 0% loan you repay when you sell or refinance, or a loan forgiven after 3 years (36 months).

A forgivable loan is written off once you have kept the home and its first mortgage for the years the program sets.

A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.

Who qualifies for My Choice Texas Home?

  • Household income up to 170% of the area median family income with an FHA, VA or USDA loan; county limits with a Freddie Mac HFA Advantage loan.
  • You don't have to be a first-time buyer.
  • A homebuyer education course before you buy.
  • It comes with a 30-year, low-interest mortgage from TDHCA's program.

Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.

How to apply for My Choice Texas Home

  1. Texas Department of Housing and Community Affairs pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
  2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
  3. The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on Texas Department of Housing and Community Affairs's page for My Choice Texas Home, or pick a lender from the agency's list of participating lenders.

Ask a lender about My Choice Texas Home

Tell us where you're buying and a lender that works with Texas's programs can tell you whether My Choice Texas Home fits you, and what you could combine with it.

Call 866-602-7460

Rather not call? Send your details and the lender will reach you.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

Other first-time buyer programs in Texas

All Texas first-time home buyer programs · Down payment assistance in every state