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The Texas State Affordable Housing Corporation provides two types of assistance
that help individuals and families become successful homeowners:
Low Interest Rate Loans with Down Payment Assistance
 30-year low fixed interest rate mortgage loan
 Down payment and closing cost assistance of up to 5% of the loan amount
 Down payment is a gift and never needs to be repaid
 Can be used to purchase a home or refinance an existing mortgage
Mortgage Credit Certificates
 Provides buyer with a dollar for dollar savings of up to $2,000 every year as a tax credit
 Saves the homebuyer thousands of dollars over the life of the loan
 Exclusively for first-time buyers who have not owned a home in the last 3 years
 Can be used with TSAHC’s Down Payment Assistance
To be eligible for these programs, an individual must be one of the following:
Income and credit requirements do apply. Borrowers can take the Eligibility Quiz at
www.tsahc.org to pre-qualify and find a lender in their area.
Give Your Clients More Purchasing Power
 Classroom Teacher
 Teacher Aide
 School Librarian
 School Nurse
 School Counselor
 Nursing and Allied Health Faculty
 Veteran
 Firefighter
 EMS Personnel
 Peace Officer
 Corrections Officer
 County Jailer
 Public Security Officer
 Household at or below 80% Area Median
Family Income (AMFI)
HOMEOWNERSHIP
1
2

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Down Payment Assistance Guidelines - Houston,TX Home Buyers

  • 1. The Texas State Affordable Housing Corporation provides two types of assistance that help individuals and families become successful homeowners: Low Interest Rate Loans with Down Payment Assistance  30-year low fixed interest rate mortgage loan  Down payment and closing cost assistance of up to 5% of the loan amount  Down payment is a gift and never needs to be repaid  Can be used to purchase a home or refinance an existing mortgage Mortgage Credit Certificates  Provides buyer with a dollar for dollar savings of up to $2,000 every year as a tax credit  Saves the homebuyer thousands of dollars over the life of the loan  Exclusively for first-time buyers who have not owned a home in the last 3 years  Can be used with TSAHC’s Down Payment Assistance To be eligible for these programs, an individual must be one of the following: Income and credit requirements do apply. Borrowers can take the Eligibility Quiz at www.tsahc.org to pre-qualify and find a lender in their area. Give Your Clients More Purchasing Power  Classroom Teacher  Teacher Aide  School Librarian  School Nurse  School Counselor  Nursing and Allied Health Faculty  Veteran  Firefighter  EMS Personnel  Peace Officer  Corrections Officer  County Jailer  Public Security Officer  Household at or below 80% Area Median Family Income (AMFI) HOMEOWNERSHIP 1 2