Frequently Asked Questions

Our frequently asked questions are below. If you don't find the answer you are looking for, call us at 1-800-792-1119 and we will be glad to help.

• Does the lender have to pay a participation fee?
• What are the allowable fees a lender can charge on a My First Texas Home loan?
• How often are funds made available under the program?
• How many lenders participate in the program?
• Can other downpayment assistance programs be used in conjunction with this program?
• If a lender gets approved for My First Texas Home does this automatically approve them to participate in the Texas Mortgage Credit Certificate (MCC) Program?
• Can the Texas MCC Program and My First Texas Home be combined?
• Can a lender service the loans they originate under this program?

Does the lender have to pay a participation fee?
No, a participation fee is not required. All funds are distributed on a first-come, first-served basis. top

What are the allowable fees a lender can charge on a My First Texas Home loan?
Lenders are allowed to charge the following fees:

• Up to 2% in Origination Charges
• Application Fee: Not to exceed $560 (includes administrator/compliance, servicer and lender fee)
• Other Closing Costs: including appraisal fee; credit report fee, survey fee, title insurance fee, etc. (must be fully disclosed on HUD-1 in accordance with agency policies)

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How often are funds made available under the program?
TDHCA strives to have funds available at all times. All funds are available on a first come, first served basis. top

How many lenders participate in the program? Approximately 60-70 lending institutions participate with branch offices located throughout the state. top

Can other downpayment assistance programs be used in conjunction with this program?
Yes, other downpayment assistance programs may be used if approved by our Master Servicer (US Bank, N.A.). Many communities within Texas operate programs at the local level that may be used. top

If a lender gets approved for My First Texas Home does this automatically approve them to participate in the Texas Mortgage Credit Certificate (MCC) Program?
No, a separate application must be completed to participate in the Texas MCC Program.

Can the Texas MCC Program and My First Texas Home be combined? Yes. top

Can a lender service the loans they originate under this program?
No, all of our loans are sold to and serviced by our Master Servicer (US Bank, N.A.). top

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