Buyer qualifications for My First Texas Home:

Your client must be a Texas resident who has not owned a home for the past three years. They must also meet certain income/purchase price limit requirements. Follow the Buyer qualification steps below to check client eligibility.

• Step 1: Prequalify using our Mortgage Qualifier Tool
• Step 2: Find what types of properties are eligible for purchase.
• Step 3: Contact a participating lender.

Properties eligible for loans through My First Texas Home include:

• single family units
• single units in condominium developments and planned unit developments
• manufactured housing that is permanently affixed to a foundation (FHA, VA loans only)
• duplexes as long as one unit of the duplex is occupied by the Eligible Borrower as his or her principal resident and the duplex was first occupied for residential purposes at least five years prior to the closing date

Verify that the property is located within a Qualified Targeted Census Tract.

In accordance with program guidelines, My First Texas Home has funds set aside for targeted area loans. A Targeted Area is a census tract in which 70% or more of the families have incomes that are 80% or less of the statewide median income or an area of chronic economic distress. Homebuyers purchasing properties located in Targeted Areas do not have to be a first time homebuyer and purchase price and income limits are generally higher.

First, to get the census tract code visit http://www.ffiec.gov/geocode and enter the address.

Then, check to see if the census tract is included on the Targeted Area Census Tracts by County (PDF), or download a target area map below.