Question 1

Who qualifies as a first-time homebuyer in Texas?

Accepted Answer

In Texas, you're considered a first-time homebuyer if you haven't owned a home in the past three years. Some programs also include those who've never owned a home or who are single parents and have only owned with a former spouse.

Question 2

What down payment assistance is available in Texas?

Accepted Answer

Texas offers several down payment assistance programs including TDHCA's My First Texas Home, city-specific programs in Austin, Dallas, Houston, and San Antonio, and various nonprofit assistance programs. These can provide grants or forgivable loans for down payment and closing costs.

Question 3

What credit score do first-time buyers need?

Accepted Answer

Credit requirements vary by program. FHA loans accept scores as low as 580 with 3.5% down. Some first-time buyer programs may require higher scores (640+). We can help you find programs that match your credit profile.

Question 4

How much should I save before buying my first home?

Accepted Answer

While many programs offer low or no down payment options, you should save for closing costs (typically 2-5% of loan amount), moving expenses, an emergency fund, and potential home repairs. We recommend having at least 3-6 months of expenses saved.

Question 5

Do I need to take a homebuyer education course?

Accepted Answer

Many first-time buyer programs require completion of a HUD-approved homebuyer education course. Even if not required, these courses provide valuable information about the buying process, budgeting, and homeownership responsibilities.

Texas First-Time Homebuyer Programs

Down Payment Assistance

FHA Loans

Homebuyer Education

TDHCA Programs

Your Path to Homeownership

Check Your Credit

Determine Budget

Get Pre-Approved

Find Your Home

Make an Offer

Close & Move In

Ready to Take the First Step?

Frequently Asked Questions

Start Your Homeownership Journey