TDHCA Press Room

The Texas Homebuyer Program and the dream of homeownership

As June is designated as National Homeownership Month, it’s a great time to learn how TDHCA’s home buyer programs can work for you. Through The Texas Homebuyer Program and its suite of mortgage loan options, Texas families with low to moderate incomes may overcome the financial barriers preventing the fulfillment of their dream to become homeowners.

The Texas Homebuyer Program offers two mortgage loan programs–My First Texas Home and My Choice Texas Home–for qualified Texas residents who need help to bridge the gap to homeownership.

The My First Texas Home (MFTH) program, specifically designed for first-time homebuyers, offers 30-year fixed interest rate home loans with down payment and closing cost assistance at the same annual interest rate for qualified buyers at or above a 620 FICO score. Down payment and closing cost assistance may be available as a three-year forgivable second lien (eligibility requirements may apply).

The My Choice Texas Home (MCTH) program, for repeat homebuyers, also offers 30-year fixed interest rate home loans with down payment and closing cost assistance at the same annual interest rate for qualified buyers at or above a 620 FICO score. The program also allows for higher income limits compared to MFTH requirements.

In 2021, The Texas Homebuyer Program mortgage loan volume totaled $1.7 billion, and assisted more than 9,000 families with financing their first or subsequent home purchase even amidst the COVID-19 pandemic.

Information about The Texas Homebuyer Program and its mortgage loan programs can be found at https://thetexashomebuyerprogram.com, and watch our brief video introduction on TDHCA’s official YouTube channel at https://www.youtube.com/watch?v=Xeb8TfcWj_0.