My First Texas Home
Big Texas Benefits for First-Time Buyers
What is the My First Texas Home Program? Exploring Options Or Ready to Move?
The My First Texas Home program is a statewide initiative that helps Texans take their first steps toward homeownership. It’s tailored for individuals and families who are buying their first home or haven’t owned a home in the past three years. With financial assistance to help cover upfront costs and affordable fixed-rate loans, this program is designed to make your dream of owning a home a reality. So whether you are just starting to explore or ready to make the move, this program can help you make the first steps!
How Can This Help You?
- Down Payment Assistance: Receive financial help to cover your down payment and closing costs.
- Affordable Interest Rates: Fixed-rate mortgage options that make monthly payments more manageable.
- First-Time Buyer Focus: Perfect for those starting their homeownership journey.
- Variety of Loan Types: FHA, VA, and USDA loans are available to suit different needs.
Who is eligible for My First Texas Home?
- First-Time Buyer Status: You qualify if you haven’t owned a home in the past three years. Exceptions may apply if you’re buying in a targeted area.
- Income Limits: Income must fall within program guidelines, which vary by location and household size.
- Purchase Price Limits: The home you’re buying must fall within specific price limits for your county.
Not sure if you qualify? Our team is here to walk you through the requirements and help you determine your eligibility.
How The Process Works
- Learn About the Program: Contact us to learn more about the program’s benefits and requirements.
- Confirm Your Eligibility: We’ll help you review your income, credit, and purchase price limits to ensure you qualify.
- Secure Financing: Apply for a loan and access down payment assistance to get started.
- Start Shopping for Your Home: With financing in place, you can begin your search for the perfect home!
Frequently Asked Questions About Buying a Home
Do I have to be a first-time homebuyer to qualify?
Yes, both income and purchase price limits apply and vary by county and household size. We can help determine if you meet the requirements.
How much down payment assistance is available?
Eligible participants include teachers, school staff, police officers, firefighters, EMS personnel, correctional officers, veterans, and active-duty military members. If you’re unsure about your eligibility, our team can help you find out.
What credit score do I need to qualify?
The program has specific credit score requirements, which may vary depending on the loan type (FHA, VA, or USDA).
Can I combine this program with other homebuyer assistance options?
No, first-time homebuyer status is not always required. However, certain eligibility criteria may apply depending on your situation. Contact us to discuss your options.
Are there income or purchase price limits?
Yes, both income and purchase price limits apply and vary by county and household size. We can help determine if you meet the requirements.
What types of homes can I buy with this program?
Eligible homes typically include single-family homes and townhomes, as long as they meet program guidelines.
Do I have to repay the down payment assistance?
Some forms of assistance may need to be repaid under specific terms, while others do not. Our team will explain the repayment terms for your loan.
Is this program available statewide?
Yes, the My First Texas Home program is available to eligible buyers across Texas.
How do I get started?
Getting started is simple—just contact us! We’ll guide you through the application process and help you take the first step toward homeownership.
