Homes for Texas Heroes

Dated: 04/18/2018

Views: 366

                         

 

The Texas State Affordable Housing Corporation wants to help our Texas Heroes get into the home of their dreams.  

TSAHC

The state of Texas loves its heroes so much that Texas created a Down Payment Assistance Program specificially for our Texas Heroes. 

The TSAHC (Texas State Affordable Housing Corporation) offers a down payment assistance program to Texas Heroes called Homes for Texas Heroes Loan Program. This loan program is a grant, which means it does not need to be re-paid ever. The grant ranges from 3% to 5% of the purchase price of the home.

The grant helps cover the down payment and in some cases, can help cover part of the closing costs as well. The Homes for Texas Heroes Loan Program is a 30-year fixed-rate loan with several rates and loan options available. 

You do not have to be a first time home buyer to benefit from this program. You are not required to live in the home for any amount of time. (Some DPA programs require the purchaser to live in the home for 3,5, and sometimes, 10 years or the purchaser will have to repay the "grant.")

The minimum credit score to qualify for the Homes for Texas Heroes Program is a 620 FICO Score. For purchasers with a credit score between 620-639, there may be a .5% origination charge for the DPA program. FICO scores of 640 and above are not subject to an additinal origination fee. 

Who is a Texas Hero?

  • Classroom Teacher
  • Teacher Aide
  • School Librarian
  • School Nurse
  • School Counselor
  • Nursing and Allied Health Faculty member
  • Veteran
  • Firefighter
  • EMS Personnel
  • Peace Officer
  • Corrections Officer (TDCJ or TJJD)
  • County Jailer
  • Public Security Officer

For full definitions of Texas Heroes, click here.


For more information please send us a message, here! 

Click to see if you qualify!

Search for your next home!


As always, we are here to guide you through one of the bigget invesments of your life. We consult, educate, and advise to make your goals a reality! 


David Thelen REALTOR® 
The Thelen Group
Keller Williams Premier Realty 
22762 Westheimer Parkway #430
Katy, TX 77450
FacebookTwitterLinkedInInstagram



Blog author image

David Thelen

THE LEADING KATY REAL ESTATE AGENT In the residential real estate market, Katy real estate agent, David Thelen, is renowned among colleagues and clients alike for his integrity, loyalty and professio....

Latest Blog Posts

What is a Mortgage Payment made up of?

What is a Mortgage Payment Made up of?Applying for a home loan can be intimidating; especially if it's your first time buying a home. It's not so scary once you break it down and know exactly what

Read More

How Much is the Down Payment?

How much is the Down Payment?That is a great question we hear often. The common minsconception is that the minimum down payment is 20% when purchasing a home and that couldn't be further from the

Read More

What is a Home Warranty?

What is a Home Warranty?Home Warranties help homeowners cover the costs of repairs or replacements of essential everyday appliances & systems. If your built-in microwave stops working, your Home

Read More

Homes for Texas Heroes

                          The Texas State Affordable Housing Corporation wants to help our Texas Heroes get into the home of

Read More