Buying your first home is a major milestone, and for many people, it’s also the biggest investment they’ll ever make. Fortunately, there’s good news for Texans—there are a wide variety of first-time homebuyer programs in Texas designed to make this journey easier and more affordable.
If you’re dreaming of homeownership but feeling overwhelmed by down payments, credit requirements, or closing costs, you’re not alone. That’s exactly why first-time homebuyer programs in Texas exist—to help people just like you overcome financial barriers and secure a place to call home.
In this blog, we’ll explore the best first-time homebuyer programs in Texas, break down who qualifies, and show you how to make the most of these incredible opportunities.
What Are First-Time Homebuyer Programs in Texas?
Simply put, first-time homebuyer programs in Texas are state-backed or local programs that offer financial assistance, lower interest rates, and special mortgage options to qualified buyers purchasing their first home.
These programs are typically offered through:
- The Texas Department of Housing and Community Affairs (TDHCA)
- Local city or county housing initiatives
- Federal programs that apply within Texas
Whether you’re buying in Dallas, Fort Worth, Austin, Houston, or a rural Texas town, there’s likely a first-time homebuyer program in Texas tailored to your needs.
Why Use First-Time Homebuyer Programs in Texas?
The cost of entering the housing market can be steep. That’s why first-time homebuyer programs in Texas are a game-changer. Here’s what you can gain:
- Down payment assistance
- Reduced interest rates
- Lower credit score requirements
- Deferred or forgivable loans
- Help with closing costs
These benefits make it possible for many people to purchase a home sooner than they thought possible.
Top First-Time Homebuyer Programs in Texas
Below are the most popular and widely used first-time homebuyer programs in Texas, each offering unique perks for new buyers.
1. My First Texas Home (MFTH) Program
Offered by the TDHCA, this is one of the most well-known first-time homebuyer programs in Texas.
Key Features:
- 30-year fixed-rate mortgage
- Up to 5% down payment and closing cost assistance
- Available statewide
This program is ideal for low- to moderate-income buyers and is often the first stop when researching first-time homebuyer programs in Texas.
2. Texas Mortgage Credit Certificate (MCC) Program
The MCC allows eligible buyers to receive a tax credit—up to $2,000 per year for the life of their mortgage.
Why it matters: It’s a long-term benefit that reduces your federal tax bill, giving you more monthly income to cover your mortgage. It’s a standout feature of many first-time homebuyer programs in Texas.
3. City-Specific Programs
Many major cities also offer first-time homebuyer programs in Texas, including:
- Dallas Homebuyer Assistance Program
- Fort Worth Homebuyer Assistance
- Houston Homebuyer Assistance
- Austin Down Payment Assistance Program
Each of these provides grants or forgivable loans to help with upfront costs. If you live in a major metro, local first-time homebuyer programs in Texas can be even more generous than statewide options.
Who Qualifies for First-Time Homebuyer Programs in Texas?
To take advantage of first-time homebuyer programs in Texas, you’ll usually need to meet a few basic qualifications:
- You haven’t owned a home in the past 3 years
- You meet income and purchase price limits
- You plan to live in the home as your primary residence
- You complete a HUD-approved homebuyer education course
Income limits vary by location and household size, so even moderate-income earners may qualify for first-time homebuyer programs in Texas.
How to Apply for First-Time Homebuyer Programs in Texas
Ready to get started? Follow these steps to access first-time homebuyer programs in Texas:
- Check Your Eligibility
Visit the TDHCA website or consult your local housing authority to confirm which first-time homebuyer programs in Texas you qualify for. - Take a Homebuyer Education Course
Most programs require you to complete a course before applying. - Choose an Approved Lender
Not all mortgage lenders participate in first-time homebuyer programs in Texas, so be sure to choose one that does. - Get Pre-Approved
This will help you understand your budget and strengthen your position when making an offer. - Apply for Assistance
Your lender will help you submit applications for the program(s) you’re eligible for.
Tips to Maximize First-Time Homebuyer Programs in Texas
✅ Combine Programs
You can often stack assistance—such as using a TDHCA mortgage and receiving city-level grant money. Combining multiple first-time homebuyer programs in Texas increases your total benefits.
✅ Understand Forgiveness Terms
Some assistance comes as a second lien or forgivable loan. Know how long you must stay in the home to avoid paying it back.
✅ Shop Smart
Even with assistance, choosing a home within your budget is critical. Use the power of first-time homebuyer programs in Texas to improve affordability, not stretch beyond your means.
The Future of First-Time Homebuyer Programs in Texas
With Texas’s continued population growth and rising housing demand, state and local governments are expected to expand their support for new homeowners. That means more funding and more options for those looking into first-time homebuyer programs in Texas.
Staying informed about policy updates and new program launches can help you take full advantage of everything first-time homebuyer programs in Texas have to offer.
Final Thoughts on First-Time Homebuyer Programs in Texas
If you’re on the fence about buying your first home, don’t let the cost hold you back. With so many first-time homebuyer programs in Texas available, the path to homeownership is more accessible than ever.
From statewide support to city-specific perks, first-time homebuyer programs in Texas offer real solutions that can get you the keys to your dream home sooner than you think.
Ready to explore first-time homebuyer programs in Texas?
Let our team at Summit Cove Realty guide you step-by-step through the process. We specialize in helping first-time buyers take full advantage of every opportunity available. Contact us today to get started on your journey to homeownership.