Texas offers several down payment assistance programs. TDHCA My First Texas Home provides up to 5% of the purchase price as a forgivable loan. SETH 5-Star program offers similar assistance. TSAHC Homes for Texas Heroes program serves teachers, first responders, and veterans. Local programs in San Antonio, Bexar County, and other cities also provide targeted assistance.
TDHCA My First Texas Home Program
My First Texas Home provides up to 5% of the purchase price as a 0% interest forgivable loan. It is available to first-time homebuyers statewide. Must use an FHA, VA, USDA, or Conventional loan. Income limits apply based on county and household size. The assistance is forgiven after 3 years of occupancy.
SETH 5-Star Program
SETH (SouthEast Texas Housing) 5-Star program provides up to 5% assistance for eligible buyers. It works with FHA, VA, USDA, and Conventional loans. Income and purchase price limits apply. The assistance is structured as a forgivable loan with a 3-year occupancy requirement.
Which Program Is Best for You?
The best program depends on your loan type, location, and budget. My First Texas Home works statewide and is great for first-time buyers. SETH 5-Star serves specific regions. Local programs like City of San Antonio DPA may have higher amounts but stricter limits. Work with a loan officer who knows all the options to maximize your assistance.