The First Time Homebuyer

Generally classified as someone who has never purchased a home, but in some instances, a homebuyer can qualify for down payment assistance through grants and loan programs. Some programs allow previous homeownership – see specific programs for details.

The buying process for a first-time homebuyer is the same as any homebuyer.

You are qualified based on income and assets, and you shop the market for a home within the criteria specified by your mortgage lender. You then close under the guidelines of your lending program. The difference is where you obtain your down-payment funds.

The Texas Department of Housing and Community Affairs

TDHCA offers several programs to help you afford a home.

Below are some of the programs offered for first-time homebuyers in Texas. Consult with your mortgage lender for specific program details and income guidelines.

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