Texas First Time Homebuyer Program

Effective Nov. 1, 2010, the TDHCA reduced its interest rate on mortgage loans offered through its Texas First Time Homebuyer Program to its lowest levels ever, further opening the door to safe and responsible homeownership for qualifying low-to moderate-income Texans.

Interest rates on these 30-year, fixed rate mortgage loans have been set at either 4.20% (unassisted) or 4.95% (assisted), depending on which of two types of loans the borrower selects. Assisted loans offer downpayment and closing-cost assistance up to 5% of the mortgage amount.

To learn more about the program and eligibility requirements, please call or email me. I also work with several of the participating lenders that know and service these loan opportunities!

Steve Young
RE/MAX Associates
(817) 276-5149

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