First Time HomeBuyers

Dallas Mortgage Assistance Program is a a first-time homebuyer program that provides principal reduction, down payment, and closing costs assistance, and that may provide grants for minimum housing standards repairs.

Denton Homebuyers Assistance Program is a program that provides assistance to first-time homebuyers.

Irving Homebuyer Assistance is a program that provides downpayment, closing cost, minor repair, and interest rate discount assistance to eligible homebuyer assistance applicants.

The Texas First Time Homebuyer Program makes available through a group of participating lenders, below market interest rates, to eligible people who are buying their first home or who have not owned a home in over three years. This program supports two types of loans. The first is an “Unassisted Rate” loan. This as a rule offers the lowest interest rate available and does not provide money for a down payment or closing cost. If the borrowers needs assistance with their down payment, an “Assisted Rate” loan is available. This program provides income-eligible borrowers, grant funds up to 5% of the mortgage amount. The second program has a slightly higher interest rate.

If you are ready to buy your first home and want to see if you are eligible for the first time homebuyers program, Click the calculator tool and use the qualifier tool. Find out if you are eligible for the First Time Homebuyer Program, and what your estimated monthly payments will be based on the price of your home and your interest rate. As your real estate agent I can supply you with general tax and insurance information to complete the required areas. This calculator does not completely qualify you for the program but will give you a good idea if you are eligible.

To verify your eligibility into the Texas First Time Homebuyer Program, contact a loan officer from the provided list of lenders. He or she will determine if you are eligible and tell you the maximum amount of money you may borrow to buy your new house.

There are terms when you use this program to buy a home, read the Review Rates, Fees, and Requirements to see these terms.

When applying for this type of loan make sure you have the information on the FTHB checklist link on hand and ready to convey to the loan officer.

Now that you're qualified, it's time to use your Texas Realtor that has completed the continuing education class "United Texas - Housing Initiatives That Work" to search for the right house for you to buy.