If you're a low or moderate-income Texan dreaming of owning a home, you're in the right place.
This program is designed to help you achieve that dream with substantial financial support of up to 5% of the purchase price of your home for help with the downpayment and closing costs.
Check Your Home Purchase EligibilityThe Home Sweet Texas Home Loan Program is here to help you buy a home. It provides mortgage loans and funding for your down payment.
You can receive this assistance as a grant, which you don’t have to repay, or as a deferred forgivable second lien loan, which only needs to be repaid if you sell or refinance within three years.
Essentially, if you’re eligible, you get free money to help you buy a home.
The program offers up to 5% of the purchase price for down payment and/or closing costs. For a $500,000 home, this means up to $25,000 in assistance.
Unlike the Homes for Texas Heroes Program, this program doesn’t have profession-specific requirements. As long as you meet the credit score, income, and location criteria, you can be eligible.
Credit Score: You'll need a minimum credit score of 620.
Income Limits: Your income must meet the limits set for your county by the Texas State Affordable Housing Corporation (TSAHC).
Home Purchase: The property must be your primary residence and located in Texas.
lender: You must use a participating lender, like MakeTexasYourHome.
Ready to start your journey to homeownership? Follow these simple steps.
Contact MakeTexasYourHome to initiate your online application. Our team will guide you through the initial steps and answer any questions.
Prepare necessary documentation like proof of employment, income statements, and other relevant paperwork.
Fill out and submit your application along with the required documents. Double-check all information for accuracy.
Work with our mortgage specialists to get pre-approved for your home loan. This step helps you understand how much you can afford and streamlines the process.
Upon closing, access up to 5% of your home’s purchase price as a grant or a deferred forgivable second lien loan. For a $500,000 home, this means up to $25,000 in assistance.
Congratulations! You’re now ready to move into your new home and enjoy the benefits of the Home Sweet Texas Home Loan Program.
The Home Sweet Texas Home Loan Program is designed to help low and moderate-income Texans achieve homeownership. It offers mortgage loans and down payment assistance to eligible homebuyers.
The program offers up to 5% of the purchase price to help cover your down payment and closing costs.
Yes! You can choose to receive the down payment assistance as a grant (which never needs to be repaid) or a deferred forgivable second lien loan (which only requires repayment if you sell or refinance within three years).
Yes, there are income limits that vary depending on the location of the house you're buying. They typically range between $71,280 and $97,840 per year.
There is no minimum down payment required if you use the full 5% assistance offered by the program. However, some lenders may have their own minimum down payment requirements.
Absolutely! The Home Sweet Texas program is open to both first-time homebuyers and repeat buyers.
Yes, in some cases you can combine the Home Sweet Texas program with a Mortgage Credit Certificate (MCC) to further reduce your mortgage payment.
