Are you a First time home buyer in Texas and have lots of questions? The common questions are answered on this site from how to buy & finance, to what to expect after closing. Feel free to call us at (866) 772-3802 if you have additional questions.

The Texas Department of Housing and Community affairs (tdhca) handles not only the My First Texas Home program, but all of the state’s first-time home buyer offers. This program is a 30-year fixed-rate loan with relatively easy-to-meet credit stipulations, along with decent interest rates.

TDHCA Texas Homeownership Division FAQs. Yes. The loan options available through My First Texas Home have a minimum credit score requirement of 620. The DTI shows how much of your gross monthly income is needed to cover all your debt obligations. For homebuyers maximum DTI follow loan product guidelines.

Fha Loan Pre Approval Process To purchase a condo in a building that is not FHA-approved, FHA borrowers had to receive "spot approval" for the unit. The process required the. 30 percent of the units must be pre-sold before an.

First Time Home Buyer grants. homes sweet Texas Home Loan Program: for Texas home buyers with low and moderate incomes. *TSAHC defines a first-time home buyer as any family or individual that has not owned or had an ownership interest in a home within the past three years. Ownership interest is defined as any person who is living in.

Texas has amazing first time home buyer programs! home sweet Texas is a home loan program for low and moderate income Texans. If you qualify, you can receive 3% to 5% of your total loan amount in a down payment assistance grant that never has to be repaid! You do not have to be a first-time home buyer to qualify.

Buying a home has costs associated with it. One major one is the down payment. Some loan programs have a zero down payment requirement while many first-time homeowner programs require 3 to 10.

Fha New Construction Guidelines However, because of the vague and restrictive eligibility requirements. will be approved in early 2013. hud/fha 242 programs offer a number of financing options for healthcare facilities .

FHA.com Reviews. FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier.

Texas Home Buyer Down Payment Assistance Programs Home Buyer Criteria. If you are a first-time home buyer, however, you can also qualify for a special income tax credit program known as a Mortgage Credit Certificate (MCC). Our MCC program can be combined with our down payment assistance and can save you up to $2,000 on your income taxes each year. Click here to learn more.