Up to $40,000 in assistance.

10-year, Deferred, forgivable loan.

0% interest rate.

Deferred 3-year forgivable loan.

0% interest rate.

After 3 years, buyers can sell home and keep any equity and/or appreciation.

If buyers leave their employment, nothing changes as long as you continue to live in home for 36 months.

Do not have to be a first-time homebuyer.

Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.

3 Year forgivable loan at 0% interest rate.

May be used as a principal reduction with prior approval.

Funds may be used to fund the borrower's cash to close requirement, down payment, closing costs and prepaids.

May prepay this mortgage at any time without penalty.

TPO's permitted as long as run through a Correspondent Lender that is approved with TDHCA and TMS. The TPO would have an agreement with the Correspondent Lender that they are under and make reservations via the Correspondent Lender account.

Up to $7,500 in Bonus Gift Dollars may be available.

The TDHCA MCC will be issued as a 20% credit rate. NO $2,000 cap.

Allows Homebuyer to claim a tax credit on portions of the mortgage interest paid per year, for the life of the mortgage loan (as long as it remains owner occupied). dollar for dollar reduction against their federal tax liability.

The Mortgage Interest Credit (MCC) is a non-refundable tax credit, therefore, the Homebuyer must have tax liability in order to take advantage of the tax credit.

TDHCA will reissue MCC's after a refinance upon request and approval. Email txhomebuyer@tdhca.texas.gov for additional details.

Eligible veterans do not have to be a first-time homebuyer.

Manual Underwrite permitted.

The MCC fee is waived under the Military Combo Option.

TPO's permitted as long as run through a Correspondent Lender that is approved with TDHCA and TMS. The TPO would have an agreement with the Correspondent Lender that they are under and make reservations via the Correspondent Lender account.

Assistance of either 2%, 4%, 5% or 6% calculated on the Note amount of the loan to use for down payment or closing cost assistance in the form of a 0% Interest, deferred, 10-year forgivable loan.

The Assistance is calculated on the Note amount.

Do not have to be a first-time homebuyer.

There is no Recapture Tax in this program.

There is no minimum loan amount in this program.

Applicants must be considered irrespective of age, race, color, religion and national origin.

The first mortgage may be prepaid at any time without penalty.

Manual underwriting is permitted when erroneous credit, inaccurate credit, insufficient credit or on loans with no FICO scores are present.

Borrowers ≤ 80% AMI on Conventional loans may receive Charter MI, if > 80% AMI standard MI is required.

There are no loan Level Pricing Adjustments 

Below market interest rate on a fixed rate 1st mortgage.

No Purchase Price limit, but must not exceed Max Loan Limit of $806,500 (including any applicable VA Funding Fee or financed mortgage insurance).

Veterans with a VA service-connected disability rating of 30% or more qualifies for a discount of 50 basis points. NOTE: An unmarried surviving spouse of a veteran who is missing in action, died in the line of duty, or died from a service-connected cause and had a compensable service-connected disability rating of 30% or greater (as verified by an award from the VA) at the time of death is also eligible for the discount.

Texas Reservists and National Guard troops with a VLB Home Loan may be able to defer interest payments when called up for active duty after the closing of their TVLB loan.

Manual underwriting is permitted for FHA and VA financing.

No income limits.