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Announcing... HFA Preferred™

May, 14, 2014 – The HFA Preferred™ loan product is now available through the TDHCA My First Texas Home Program (TMP 79). This new loan option will provide a competitive fixed interest rate, down payment/closing cost assistance and low mortgage insurance costs to first-time homebuyers who meet the program eligibility guidelines. Prospective borrowers may apply directly through one of the TDHCA-approved participating lenders. Visit the Lender Locator page to find a lender in your area.

 
 

*30-year fixed annual percentage rate loan with 5% down payment on a $120,000 loan. Effective 06/27/14. Offer may terminate at any time without notice. Rate and annual percentage rate (APR) calculated on a 365 day year with mandated closing costs (2% origination and $400 program related fees). Rates/APRs subject to change with changes in closing costs. Properties and applicants must qualify. Other restrictions may apply. 221 E. 11th Street, Austin, Texas 78701, 800-792-1119.

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