Down payment assistance in Texas — up to $50,000+

There are 4 major statewide programs in Texas: TSAHC (Home Sweet Texas & Homes for Texas Heroes), TDHCA (My First Texas Home & My Choice Texas Home), Chenoa Fund, and SETH 5 Star Texas Advantage. Not only that but major cities offer their own local programs like Houston ($50K), Austin ($40K), Fort Worth ($25K), San Antonio ($15K), and Dallas.

It mostly depends on the program type. The TSAHC option grant never needs repayment. If you stay in the home, the TSAHC & SETH are forgivable second liens and are forgiven after 3 years. There is also deferred second liens (TDHCA), where you don't make monthly payments at all - you only repay them if you sell, refinance or pay off the home. A fund that offers both options, repayable and forgivable, is Chenoa Funds.

Yes - and the term for this is 'stacking'. We can layer a state program with a city program and even add an MCC for extra tax savings. Our goal at STX Lending is to stack everything you qualify for so your out-of-pocket stays as low as possible.

Not necessarily. There are programs like TDHCA My Choice Texas Home, SETH 5 Star, and Chenoa Fund that allow repeat buyers as well. A program like TSAHC has income limits but it doesn't always require your status to be first-time. But the TDHCA My First Texas Home program does require your status to be first-time (or veteran status).

Most programs start around at 620: TSAHC = 620+ (640 for conventional) - TDHCA: 620+ - SETH: 640+ - Chenoa Fund: 600-640 depending on product. When the FHA loan is paired with DPA, the requirement is at least 580. It is your credit score that affects your interest rate and mortgage insurance premium.

Yes, most programs do have income limits and depending on the county, you have purchase price limits that vary. A few programs, like TSAHC and TDHCA, typically base their limits on the AMI or area median income. STX Lending checks your eligibility with the city since City Programs have their own limits.

We submit your DPA along with your main loan, so everything moves together. Most approvals come back within a few business days, and closing timelines are usually right in that 2-3 week range, just like a standard purchase.

An MCC is a federal tax credit - not a deduction - that gives you money back based on the interest you pay on your mortgage each year. It can save you a few thousand dollars annually and can even help you qualify for more. When you combine it with DPA, it makes a big difference long term.