Home Buyer FAQ: How Long Does It Take to Buy a Home Using TSAHC’s Homeownership Programs?

Using TSAHC Down Payment Assistance (DPA) and/or Mortgage Credit Certificate (MCC) programs should not take any longer than it would take to close on a home with a traditional mortgage loan. On average, the process takes about 30 days from the time your lender reserves the funds with TSAHC until you close on your [...]

Home Buyer FAQ: What Are TSAHC’s Homeownership Program Fees?

The following fees apply to TSAHC's Homeownership Programs: $250 Funding Fee (Down Payment Assistance (DPA) Programs only) $75 Tax Service Fee (DPA Programs only) $10 Flood Transfer Fee (DPA Programs only) $200 Compliance Review Fee (DPA and Mortgage Credit Certificate (MCC) Programs) $400 MCC Issuance fee – Please note that “Texas Hero” borrowers using our DPA and MCC programs together will [...]

Home Buyer FAQ: How Do I Find an Approved Lender in My Area?

Click here to find a lender in your area. If you are already working with a lender, please review this list of Approved Mortgage Companies to make sure the lender is approved to offer TSAHC’s Homeownership [...]

Home Buyer FAQ: How Do I Find a Home Buyer Education Course?

TSAHC requires all home buyers using our Homeownership Programs to take an approved home buyer education course before closing on their home. These courses are taught by trained nonprofit housing counselors. Click here to learn more about approved online options, or visit www.texasfinancialtoolbox.comto find an in person course in your area. Any course listed on these websites will meet the [...]

Home Buyer FAQ: Am I Ready to Buy a Home?

TSAHC created the following resources to help you determine if you are ready to buy a home and if buying a home is the right option for you: Steps to Buying a Home: provides an overview of the home buying process. Loan Comparison Calculator: helps you compare TSAHC’s assistance options to determine your monthly payment and out of pocket expenses. TSAHC also requires all home [...]