TDHCA

First Time Homebuyer Programs

Family in front of home

My First Texas Home (TMP 79)

This program helps low-to-moderate income homebuyers purchase their first home.

Mortgage loans with down payment and closing cost assistance are available. The amount of assistance is 5% of the mortgage amount. For example, $5,000 of assistance is available on a $100,000 mortgage. The 1st lien mortgage loans are available at competitive interest rates. The current rate is 4.50%*, and the annual percentage rate is 4.698%*.

Texas Mortgage Credit Certificate (MCC) Program

An MCC allows the homebuyer to claim up to $2,000 annually as a tax credit toward their federal income tax liability.

These 2 programs may be combined to maximize the benefit to the homebuyer.

To apply for either or both programs, contact a participating lender near you.
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Or, learn more about these exciting first time homebuyer programs.

*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.