Secure up to 5% in down payment aid for your first mortgage with Texas’ most powerful down payment assistance program ($15,000 on a $300k home).
Verify Your My First Texas Home Eligibility
The My First Texas Home program helps eligible first-time homebuyers and veterans purchase a primary residence. It offers a 30-year fixed-rate mortgage with down payment and closing cost assistance of 2% through 5% of the total mortgage loan amount.
The program is available across Texas and includes extra support, like a second loan with no interest and a three-year forgivable loan option.
Veterans and first-time buyers can also save more by combining this program with a Mortgage Credit Certificate (MCC).
My First Texas Home Program Calculator - Use the calculator to estimate your down payment assistance and monthly mortgage payments under the My First Texas Home Program.
The savings and benefits of the My First Texas Home Program go beyond 5% down payment assistance.
Up to 5% down payment and closing cost assistance.
Flexible assistance options: 2%, 3%, 4%, and 5%.
30-year fixed interest rate mortgage.
Combine with Mortgage Credit Certificate (MCC) Program.
The current Mortgage Credit Certificate rate is 15% of eligible annual mortgage interest.
Carry forward unused MCC credits for up to three years.
30-year second lien with 0% interest.
3-year forgivable second lien option.
Available statewide in Texas.
For first-time homebuyers, veterans, and eligible buyers purchasing in a targeted area.
Sponsored by the Texas Department of Housing and Community Affairs.
Must be a first-time homebuyer or not have owned a home as a primary residence within the past three years OR a veteran.
Debt-to-income ratio follows automated underwriting approval; manually underwritten government loans are limited to 45%.
Eligible properties: Single family units, single units in condominium developments and planned unit developments, duplexes (with exceptions).
Income must not exceed program's income limit guidelines.
Property purchase price must not exceed program's set limits.
Minimum credit score of 620 for FHA, VA, and USDA loans.
Minimum credit score of 620 for eligible conventional loans.
All borrowers must complete an approved homebuyer education course before closing.
The My First Texas Home Program offers loan terms designed to make homeownership more accessible and affordable for first-time buyers and veterans across Texas.
You can get financial help for your down payment and closing costs, up to 5% of your total mortgage, making it easier to buy a home.
The second lien on your home doesn’t charge any interest, so you can borrow extra money without paying more in interest.
If you meet the terms, the second lien could be forgiven after three years, meaning you won’t have to pay it back.
You have 30 years to repay the mortgage, with steady monthly payments over that time.
This program is only for people buying their first home or for veterans, offering special help to those groups.
No matter where you live in Texas, this program can help you buy a home, with support available everywhere in the state.
We have a deep commitment to serving the needs of Texas homebuyers with the leading down payment assistance program in Texas.
We offer personalized guidance throughout your home buying journey, backed by local expertise and a deep understanding of the Texas housing market.
Our team is dedicated to providing exceptional service, ensuring that you have the support and resources you need every step of the way.
With a focus on helping first-time homebuyers and veterans, we pride ourselves on making the dream of homeownership a reality for Texans, supported by the strength and reliability of our state.
