Home Buyer FAQ: How Do I Apply for TSAHC’s Homeownership Programs?

Follow these key steps for apply for TSAHC’s Down Payment Assistance and/or Mortgage Credit Certificate (MCC) Programs: Take the Eligibility Quizto see if you qualify. Contact one of the program’s participating lenders. The Lender will assist you with the application and qualification process. You will not submit an application directly to TSAHC. Attend [...]

Home Buyer FAQ: What is a Mortgage Credit Certificate?

A Mortgage Credit Certificate (MCC) offers first time home buyers a federal tax credit that reduces their federal income taxes. The tax credit is equal to 20% of the mortgage interest paid during the tax year. Homeowners are eligible for the tax credit every year, as long as they occupy the home as their primary residence. MCCs can save homeowners thousands of dollars over the life of their [...]

Home Buyer FAQ: What Types of Assistance Does TSAHC Offer?

The Texas State Affordable Housing Corporation (TSAHC) offers two assistance types to help first-time home buyers and repeat home buyers buy a home: Fixed Rate Mortgage Loans with Down Payment Assistance (DPA) • 30-year fixed interest rate mortgage loan • DPA provided as a grant (never needs to be repaid) or forgivable second lien loan • DPA available for up to 5% of the loan [...]

Lender/Realtor FAQ: What does someone using the Homes for Texas Heroes Program receive over someone using the Home Sweet Texas Program?

Texas Heroes using our DPA/MCC combo program will receive the MCC for FREE. This is a $500 savings to the home [...]

Lender/Realtor FAQ: Is the Non-Bond DPA and/or MCC program ‘Homes for Texas Heroes’ or ‘Home Sweet Texas’?

BOTH! TSAHC’s Non-Bond down payment assistance and/or mortgage credit certificate programs are eligible for both the Homes for Texas Heroes and Home Sweet Texas [...]