Patrick's Quick Answer
First-time buyer grants and down payment assistance can cut your cash-to-close by thousands. In Texas, TSAHC pairs assistance with FHA, VA, USDA, or conventional loans, and local programs like San Antonio's HIP add more. Most want a 620 to 640 credit score and carry income limits. The assistance often trades for a slightly higher rate, so I help you decide if the trade is worth it.
If you are a first-time buyer trying to find a grant or down payment assistance program that actually works for you, the search can be exhausting. There are thousands of programs out there, and each one has its own rules, deadlines, and restrictions. This guide explains where down payment assistance really comes from, the restrictions that keep most buyers out, the two hidden costs many programs carry, and the type of program that avoids both problems. It is based on my video, "First Time Home Buyer | Best Grants and Down Payment Assistance Programs Now 2024." I am Patrick Kevin Fagan, a loan officer and REALTOR who walks first-time buyers through these choices every day.
About Patrick Kevin Fagan, REALTOR®
Patrick Kevin Fagan is a Texas Real Estate Sales Agent (#454749) with AXEN Realty LLC and a Senior Loan Officer (NMLS ID #877741) with NEXA Mortgage, LLC (NMLS #1660690). He brings 23+ years in mortgage lending and 19 years in real estate, serving homebuyers, homeowners, and sellers across Greater San Antonio and the Texas Hill Country.
Answered by Patrick Kevin Fagan
Texas Real Estate Sales Agent #454749, AXEN Realty LLC · Senior Loan Officer, NMLS ID #877741, NEXA Mortgage, LLC
Call or text: 210-317-6514
