Texas State Affordable Housing Corporation Programs

TSAHC offers the following programs:

• Professional Educators
• Homes for Texas Heroes
• Homes for Sweet Texas Loan

Each program offers the following possible benefits for qualified borrowers:

• 30-year fixed rate mortgage
• Down payment and closing cost assistance, up to 5% of the loan amount
• Mortgage Credit Certificate like what is offered by TDHCA

Qualifications

For all programs, a homebuyer must:

• Be a first-time homebuyer (no ownership in any principal residence during the last three years and not purchasing a home in a “targeted area”)
• Reside in Texas
• Meet the income and home purchase price limits
• Meet standard mortgage underwriting requirements (demonstrate credit worthiness)
• Occupy the purchased home as their primary residence
• Complete a HUD approved homebuyer education course prior to closing on the home loan
• Must use a participating lender approved by TSAHC

Qualifications specific to each program:

• Professional Educators:  must be a full time Classroom Teacher, Teacher Aide, School Librarian, School Nurse or School Counselor employed by a public school district in the state of Texas; or a full time faculty member of either an undergraduate or graduate professional nursing  or allied health program in the State of Texas (may be restrictions)
• Homes For Texas Heroes:  a full time, paid Firefighter, Emergency Medical Services Personnel, Peace Officer, Corrections Officer, Juvenile Corrections Officer, County Jailer, or a Public Security Officer working in the State of Texas
• Homes for Sweet Texas Loan:  an individual at or below 80% of the Area Median Family Income (AMFI)

Property and Loan Types

The following types of properties can be purchased:

• Single family homes
• Duplexes and fourplexes (as long as the owner occupies one unit)
• Condominiums
• Planned unit developments
• Manufactured housing (can’t be purchased with Fannie Mae loan)

The following loan types can be used:

• FHA
• VA
• USDA
• Fannie Mae Conventional
• Freddie Mac Conventional

This page is to raise awareness about these programs and may contain outdated information.  There may be additional requirements, restrictions, and consequences to these programs not mentioned here.  If you’re interested in learning more about these programs, contact us so we can help guide you.

More info and program details can be found on the TSACH web site.  Please consult with a tax professional and/or mortgage lender to determine if these programs are right for you.