Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities

Media Contact:
Kristina Tirloni 512-475-4743

Public Inquiries:
TDHCA Housing Resource Center


Mailing Address:
Public and Policy Affairs
P.O. Box 13941
Austin, Tx 78711

Physical Address:
221 East 11th Street
Austin, Tx 78701

TDHCA Press Room

TDHCA’s mortgage loan rate for first time homebuyers lowest in five years

The Texas Department of Housing and Community Affairs is pleased to announce that its My First Texas Home (MFTH) Program is offering its lowest mortgage loan rate in the last five years–3.60% is now available for an unassisted (no down payment, closing cost assistance) loan borrower. First-time Texas homebuyers will have access to $165 million when purchasing their first home through MFTH’s government loan options with nearly $41 million available for low rate, unassisted mortgage loans, and more than $124 million available for low rate, down payment assistance home loans.

  • 3.60% mortgage rate
    • No Down Payment Assistance provided
    • First come, first served basis
    • Government Loans (FHA, VA, USDA)
  • 4.55% mortgage loan
    • Down Payment Assistance available (4 points provided through a 30 year, fixed rate, non-amortizing, 0% interest second loan that is due on sale of property or refinance of mortgage loan)
    • Government Loans only (FHA, VA, USDA)

Qualified individuals must have a minimum FICO score of 620. Exceptions to the first time homebuyer requirement are available for veterans and with respect to homes purchased within federally-designated targeted areas. Learn more by contacting a MFTH participating lender or speak to the Texas Homeownership Team.


News Releases

News releases are developed by the Communications and Marketing section of the Division of Policy and Public Affairs to publicize TDHCA program activities. These include application funding cycles, program grant awards, special events, board activities, and other relevant information.