TDHCA My First Texas Home — Down Payment Assistance

About This Program

TDHCA's My First Texas Home program provides down payment and closing cost assistance of up to 5% of the mortgage loan amount as a 0%-interest lien, either forgivable over 3 years or deferred for 30 years. The program pairs with a Mortgage Credit Certificate (MCC) offering a 40% annual tax credit on mortgage interest (up to $2,000/year). Available to eligible first-time buyers and veterans statewide including the Houston area.

5% DPA on a $300,000 loan = $15,000 assistance. MCC provides $2,000/year federal tax credit.

Key Details

• First-time homebuyer or veteran (no 3-year prior ownership)
• Income and purchase price limits apply (check TDHCA limits by county)
• 30-year fixed-rate mortgage required
• 0% interest DPA lien; forgivable at 3 years or deferred 30 years
• Mortgage Credit Certificate: 40% annual tax credit on mortgage interest, up to $2,000/yr

How to Apply

Deadline: Contact program