Buyer qualifications for the First Time Homebuyer Program:

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 the FTHB include:

• single family units
• condominiums
• planned unit developments (PUDs)
• manufactured housing that is permanently affixed to a foundation (FHA, VA loans only)

In accordance with program guidelines, the Texas First Time Homebuyer Program 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. For a list of Targeted Area census tracts identified by county, please refer to the following list. Your lender or realtor should be able to verify whether the property you are considering for purchase is located within a Targeted http://www.ffiec.gov/geocode.

• Targeted Area Census Tracts by County (PDF)