Give your clients more home than ever before.

With the Texas First Time Homebuyer Program, you can now offer qualified clients access to low interest rate home loans, typically 1% below current market rates. The benefit is simple: they get more house, you get more commission. And now it's easier for Texas Realtors to get the information needed to help your clients with the lowest-cost mortgage possible. TDHCA has teamed up with the Texas Association of Realtors (TAR), Texas Veterans Land Board and Fannie Mae to create a program: United Texas: Housing Initiatives That Work, to educate Texas Realtors on the variety and availability of affordable housing resources in the State. To find out more information, or to request a course offering in your area, contact the Texas Association of Realtors Professional Development Department at 800/873-9155. Texas Realtors that successfully complete the course are eligible to be included on our website as a resource for buyers pursuing homeownership. You may also customize the Texas First Time Homebuyer Program - Marketing Flyer for Business Partners (PDF) to market the program to potential homebuyers.

To qualify for this program, your client must be a Texas resident who has not owned a home for the past three years. They must also meet certain income/purchase price limit requirements. Follow the Buyer qualification steps below to check client eligibility.

• Step 1: Prequalify using our Mortgage Qualifier Tool
• Step 2: Find what types of properties are eligible for purchase.
• Step 3: Contact a participating lender.

If your client is interested in assistance with down payment and closing costs, the Texas First Time Homebuyer Program offers income eligible homebuyers a grant equal to 5% of the mortgage amount. To be eligible for the 5% of assistance, the buyer's income generally may not exceed 60% of the Area Median Family Income (AMFI) if purchasing a property in a Non-Targeted area. If purchasing in a Targeted area, which includes the Rita GO Zone (PDF), the buyer's income can go up to 140% AMFI based on family size. To verify the AMFI figure for the buyer's area of the state, please check the Maximum Income and Purchase Price Limits Table (PDF). To determine if downpayment assistance funds are still available, please visit the Available Funds page.

We also have a Mortgage Credit Certificate program that increases a family’s disposable income by reducing its federal income tax obligation. This tax savings provide a family with more available income to qualify for a loan and meet mortgage payment requirements.